bankrupt
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American Airlines’ parent, AMR files for bankruptcy
American Airlines’ parent, AMR, has filed for Chapter 11 bankruptcy in the US, marking the last of the major US legacy carriers to avail itself of bankruptcy protection as it moves to slash its cost structure in the face of intense industry competition.
01 December 2011
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Miami-based Arrow Air bankrupt, to liquidate
Arrow Air Inc, a Miami-based cargo carrier, has filed for bankruptcy protection and plans to liquidate after failing to find a buyer. The 60-year-old company, which operated as Arrow Cargo and once had more than 3,500 customers, halted operations i…
07 July 2010
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ANA boss complains about government support for JAL
ANA President and CEO Shinichiro Ito questioned whether public aid for bankrupt Japan Airlines distorts Japan's competitive environment. Testifying before a government committee, Ito said JAL's turnaround program is progressing "haphazardly," accordi…
16 April 2010
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JAPAN: JAL succumbs to bankruptcy protection
In one of Japan’s biggest corporate failures, Japan Airlines has applied for protection from creditors under the Corporate Rehabilitation Law — Japan’s version of the US’ Chapter 11 — with the Tokyo District Court. The axe has finally fall…
01 February 2010
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JAL succumbs to bankruptcy
The axe has finally fallen at Japan Airlines (JAL) with the beleagured carrier filing for court-protected bankruptcy and turning to Japan’s state-owned Enterprise Turnaround Initiative Corporation (ETIC) for restructuring support. In one of Japan's…
21 January 2010
