Airline bankruptcies, ceased operations, restructurations

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Re: Airline bankruptcies, ceased operations, restructurations

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Nok Air of Thailand obtains bankruptcy court approval to submit a business rehabilitation plan submission to the official receiver on 15 April 2021, a one-month extension.
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Re: Airline bankruptcies, ceased operations, restructurations

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HNA Group gains court approval to merge 321 firms related to the aviation conglomerate, paving way for the company to potentially emerge from bankruptcy.
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Avianca hopes to get out of Chapter 11 before the end of 2021, implementing a new “light” model, which will be similar to an LCC model. The carrier also plans to launch 50 new routes within the next three years.
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Re: Airline bankruptcies, ceased operations, restructurations

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TLspotting wrote: 29 Dec 2020, 20:15 Many experts claim that Interjet won't fly again or has only small chances to do so.
Interjet will request to enter into bankruptcy very soon, after three months without operating, with the aim of receiving an injection of up to US$1.0 billion and being able to resume its activity from July 2021. The company’s debt is currently around $1.25 billion.
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sn26567 wrote: 02 Mar 2021, 19:02 Air Namibia was placed under provisional liquidation by the Windhoek High Court, following an application by the Namibia Airports Company.
Air Namibia liquidation is now official after the High Court ruled to convert the provisional liquidation into full liquidation following an application by the Namibia Airports Company.
sn26567 wrote: 24 Mar 2021, 16:45
TLspotting wrote: 29 Dec 2020, 20:15 Many experts claim that Interjet won't fly again or has only small chances to do so.
Interjet will request to enter into bankruptcy very soon, after three months without operating, with the aim of receiving an injection of up to US$1.0 billion and being able to resume its activity from July 2021. The company’s debt is currently around $1.25 billion.

Interjet says it has deepened talks with possible investors who will inject funds into the carrier to enable it to restart operations. Interjet will begin a process of rapprochement with its suppliers to initiate a path that “allows it to restructure the company’s commitments in an orderly manner.”
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Re: Airline bankruptcies, ceased operations, restructurations

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sn26567 wrote: 30 Mar 2021, 16:53
Interjet says it has deepened talks with possible investors who will inject funds into the carrier to enable it to restart operations. Interjet will begin a process of rapprochement with its suppliers to initiate a path that “allows it to restructure the company’s commitments in an orderly manner.”
Interjet has started talks with its suppliers to close a series of agreements regarding their debts before entering bankruptcy in Mexico, and eventually a similar restructuring process in the US, with the intention of restarting operations in July 2021.
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Re: Airline bankruptcies, ceased operations, restructurations

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sn26567 wrote: 06 Apr 2021, 17:15
sn26567 wrote: 30 Mar 2021, 16:53
Interjet says it has deepened talks with possible investors who will inject funds into the carrier to enable it to restart operations. Interjet will begin a process of rapprochement with its suppliers to initiate a path that “allows it to restructure the company’s commitments in an orderly manner.”
Interjet has started talks with its suppliers to close a series of agreements regarding their debts before entering bankruptcy in Mexico, and eventually a similar restructuring process in the US, with the intention of restarting operations in July 2021.
Interjet called a shareholders’ meeting to approve the start of the insolvency process in view of the declaration of the commercial bankruptcy.
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Re: Airline bankruptcies, ceased operations, restructurations

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sn26567 wrote: 11 Feb 2020, 15:48 Air Italy: The End

https://www.aviation24.be/airlines/air- ... -carriers/
Air Italy administrators have recently received two EOIs for the takeover of the company, one by an English fund and one by a Russian fund.

If Qatar didn't succeed, why would an English fund or a Russin fund do better?

Montenegro Airlines is one step closer to bankruptcy, as the country’s tax regulator sent a request to the commercial court to initiate the procedure.
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