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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...

Thai Airways improves with 1H profit

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Thai Airways International said on Monday (16 August) that it posted a net profit in the first half of 2021 thanks to the restructuring...

Thai Airways creditors approve restructuring plan

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Thai Airways International's creditors have voted to approve the airline's restructuring plan, its legal advisor said on Wednesday (19 May), according to media reports...

Thai Airways thins executive ranks by 30%

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Trouble airline Thai Airways International said Friday (19 February) that it was cutting more than 30 percent of its executive positions as it continues...

Etihad restructures to cope with COVID-19 downturn

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Etihad has announced a new organisational structure to meet the challenges of the global downturn in aviation. The restructuring sees the airline continuing its...

AirAsia X restructuring, says it’s facing ‘severe liquidity’ problems due to...

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AirAsia X announced on Tuesday (6 October) that it was instituting a restructuring plan that it hopes will help it attract an injection of...