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Philippine Airlines files for bankruptcy in US

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Philippine Airlines (PAL) announced on 4 September that it had filed a pre-packaged Chapter 11 reorganisation petition in US federal bankruptcy court to restructure...

India’s Jet Airways gets approval of revival plan

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An Indian bankruptcy court ruled on Tuesday (22 June) that Jet Airways India can hit the skies again under new ownership more than two...

Thai Airways gains court approval for restructuring

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Thai Airways received court approval on Tuesday (15 June) to restructure US$12.9 billion in debt and move ahead with its plan to revamp the...

Thai Airways will shed workers, downsize planes in operation in major...

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Thai Airways International announced on Tuesday (2 March) that it would cut its operations significantly by shedding 50 percent of its workforce and its...

UPDATED: Thai Airways posts record US$4.6 billion net loss

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(Updated with cash infusion details from Bloomberg report) Thai Airways is seeking a capital infusion of as much as 50 billion baht (US$1.65 billion) under...

REPORT: Chinese court approves creditor bankruptcy moves for affiliates of Hainan...

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A court in China’s Hainan province has approved applications from creditors to place 10 affiliates of Hainan Airlines Holding in bankruptcy reorganisation, including six...

REPORT: Hainan Airlines owner HNA Group in bankruptcy after debt restructuring...

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HNA Group, one of China’s largest global asset buyers spawned from the country’s largest privately owned airline, has been declared bankrupt, after a government-led...

Virgin Australia CEO resigns

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The administrators for Australian carrier Virgin Australia Group today (15 October) announced that CEO Paul Scurrah will step down when the airline’s sale to...

Virgin Australia’s unsecured creditors to get 9-13% return on their money...

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Failed airline Virgin Australia’s unsecured creditors will receive an average return of 9-13 percent on their money under the court approved plan by US...

Virgin Australia announces job cuts in bid to survive

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Virgin Australia, which filed for bankruptcy in April and was recently acquired by Bain Capital, said Wednesday (5 August) that it planned to get...