NEWSDec 30, 2024Silver Airways Files for Chapter 11 Bankruptcy, Will Resume Normal OperationOn Monday evening, Silver Airways announced that it filed for Chapter 11 bankruptcy in a Florida bankruptcy court. In a statement to customers, the Florida-based airline assured customers that it would continue normal operations through bankruptcy.Read More →
NEWSJan 19, 2024Financial Issues May Force Brazil's GOL to File for BankruptcyThe aviation industry can be difficult for airlines to survive since many carriers operate with razor-thin profit margins in a delicate balance between operating loss and operative revenue. The results can be disastrous when this balance between operating costs and revenue (profit/income) is disturbed. The latest airline to experience this problem is the Brazilian low-cost carrier GOL Linhas Aéreas Inteligentes (GOL). The 22-year-old airline is reportedly considering filing for Chapter 11 bankruptcy protection. Read More →
NEWSAeromexico Files for Chapter 11 BankruptcyAeromexico filed for Chapter 11 Bankruptcy. Click for a in-depth analysis on the situation.Read More →
NEWSLATAM Airlines Files for U.S. Bankruptcy ProtectionLATAM, Latin America's largest carrier, said it would continue to fly through its bankruptcy restructuring.
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