bankruptcy
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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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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
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EUROPE & CIS: Aeroflot Cargo put under bankruptcy by parent
The Board of Directors of Aeroflot – Russian Airlines has accepted a proposal of the passenger carrier’s management to initiate bankruptcy procedures against Aeroflot-Cargo, according to Russian media reports. The decision was apparently based o…
01 July 2009
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Europe/CIS: Serbia's Jat Airways nearing bankruptcy
Jat Airways is nearing bankruptcy, according to Serbia’s Press newspaper. The Serbian government has been attempting to sell a 51 per cent stake in the troubled carrier since late June to raise money to revitalise it. But no buyers have come forward…
01 October 2008
