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EY named voluntary liquidators of Air Vanuatu

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Morgan Kelly, Justin Walsh and Andrew Hanson of Ernst & Young Australia (EY Australia) have been appointed voluntary liquidators of Air Vanuatu (Operations) Limited...

India’s Go First airline files for bankruptcy

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Indian airline Go First filed for bankruptcy on Tuesday, blaming “faulty” Pratt & Whitney engines for the grounding of about half its fleet. The...

Nordic Aviation Capital emerges from bankruptcy

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Nordic Aviation Capital (NAC) announced that it has successfully exited from the Chapter 11 restructuring process, having received confirmation of its plan of reorganisation...

Lessor Nordic Aviation gets bankruptcy reorganisation plan approved

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Nordic Aviation Capital Designated Activity Company (NAC) announced that the U.S. Bankruptcy Court for the Eastern District of Virginia has confirmed the company’s plan...

Philippine Airlines exits Chapter 11 restructuring

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Philippine Airlines Inc. (PAL) announced on 31 December that it has emerged from its voluntary Chapter 11 proceedings as a more efficient airline with...

US court approves Chapter 11 reorganisation plan for Philippine Airlines

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Philippine Airlines, Inc. (PAL) announced that the U.S. Bankruptcy Court of the Southern District of New York has approved its Plan of Reorganisation. PAL...

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...