Airline bankruptcies, ceased operations, restructurations

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globetrotter
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Re: Airline bankruptcies, ceased operations, restructurations

Post by globetrotter »

Air Asia X Indonesia has shut down, they had ended operating widebody aicraft and longer routes some time back, I think it was the only AAX subsidiary using A320s after that.

Air Asia X Malaysia is also facing financial issues.

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Re: Airline bankruptcies, ceased operations, restructurations

Post by TLspotting »

globetrotter wrote:
01 Mar 2020, 10:46
Air Asia X Indonesia has shut down, they had ended operating widebody aicraft and longer routes some time back, I think it was the only AAX subsidiary using A320s after that.
Last flight of Air Asia X Indonesia was on 14 January 2019 it seems.
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globetrotter
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Re: Airline bankruptcies, ceased operations, restructurations

Post by globetrotter »

This says IAAX continued operations as a non-scheduled airline, maybe they are still around
in that role https://www.flightglobal.com/strategy/i ... 85.article

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KriVa
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Re: Airline bankruptcies, ceased operations, restructurations

Post by KriVa »

CargoLogicAir shutting down seems pretty much a certainty now.
Another one bites the dust: Air Cargo Global (former AirCargoGermany) also seems to be shutting down. Though, in their words, it's a restructuring of the company.
For both companies, covid-19 seems to be a large part of the reason why they're suspending operations.
Thomas

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sn26567
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Re: Airline bankruptcies, ceased operations, restructurations

Post by sn26567 »

KriVa wrote:
02 Mar 2020, 14:28
CargoLogicAir shutting down seems pretty much a certainty now.
The UK CAA clarified that CargoLogicAir had its AOC suspended for three months per its own request.
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Re: Airline bankruptcies, ceased operations, restructurations

Post by TLspotting »

Air Cargo Global to restructure the organization by April 2020, which includes the closure of its office in Frankfurt. The company dismissed reports that it has ceased operations.
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Re: Airline bankruptcies, ceased operations, restructurations

Post by TLspotting »

VTB is looking for court approval to reopen a US$3.7 million lawsuit against the owners of defunct Transaero.
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Re: Airline bankruptcies, ceased operations, restructurations

Post by TLspotting »

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

https://www.aviation24.be/airlines/air- ... -carriers/
1453 jobs lost including 900 at Malpensa (MXP).
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Re: Airline bankruptcies, ceased operations, restructurations

Post by TLspotting »

AtlasGlobal had a debt of US$281 million, as of 31 December 2019. The first hearing of its bankruptcy case will be held on 16 April 2020.
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Re: Airline bankruptcies, ceased operations, restructurations

Post by TLspotting »

Flybe is to be moved soon to the new topic : viewtopic.php?f=7&t=68198
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Re: Airline bankruptcies, ceased operations, restructurations

Post by TLspotting »

Boliviana de Aviacion may be privatized by the new government over complaints of alleged irregularities and financial difficulties.

South African Airways is evaluating four outcomes, according to a draft business rescue plan, which includes a complete liquidation as well as a transfer of all assets to subsidiary Mango.
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Re: Airline bankruptcies, ceased operations, restructurations

Post by TLspotting »

SAA has begun consultation process for job cuts.

South Africa government has expressed concern over plans to halt SA Express flights, after business rescue practitioners presented “wholly inadequate” plan to turn the airline around.
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Re: Airline bankruptcies, ceased operations, restructurations

Post by TLspotting »

TLspotting wrote:
27 Feb 2020, 18:00
Air Italy has (it seems) 3 offers to be taken over, but not totally, including Blue Air, BA and easyJet.
Air Italy, announced (26 March) to have received some unbinding offers. The two liquidators will examine them for the appropriate evaluation.
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cathay belgium
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Re: Airline bankruptcies, ceased operations, restructurations

Post by cathay belgium »

Hi,

FlyBRA of Sweden is in chapter 11 and hold all flights till september . ( Swedish domestic ATR operations , former Malmö Aviation ... )

CXB
New types flown 2020 : A321neo,B781
New types planned : E140


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sn26567
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Re: Airline bankruptcies, ceased operations, restructurations

Post by sn26567 »

Poiu wrote:
17 Apr 2020, 20:40
CityJet are wobbling:

https://www.rte.ie/news/business/2020/0 ... o-cityjet/
What the article fails to say is that CityJet owns 75% of Air Antwerp. I fear that Air Antwerp would not survive the demise of CityJet.
André
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Re: Airline bankruptcies, ceased operations, restructurations

Post by TLspotting »

sn26567 wrote:
17 Apr 2020, 23:30
Poiu wrote:
17 Apr 2020, 20:40
CityJet are wobbling:

https://www.rte.ie/news/business/2020/0 ... o-cityjet/
What the article fails to say is that CityJet owns 75% of Air Antwerp. I fear that Air Antwerp would not survive the demise of CityJet.
It is the main problem. Let's hope that everything goes well for CityJet. My gosh what's happening is unprecedented :
Flygbra
SAA
Virgin Australia
El Al
CityJet...

Bust :
Ravn Air, Trans States, Compass, flybe...
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SR20
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Re: Airline bankruptcies, ceased operations, restructurations

Post by SR20 »

The Slovak Transport Authority (NSAT) has suspended ACG Air Cargo Global's Air Operator Certificate (AOC).
The decision was taken as a provisional measure and initially forbids the Slovak freight specialist to operate in commercial aviation until an analysis of the company's financial situation has been carried out.

https://www.ch-aviation.com/portal/news ... lobals-aoc

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Re: Airline bankruptcies, ceased operations, restructurations

Post by TLspotting »

Virgin Australia is most probably the next airline to fall.
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Airbus330lover
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Re: Airline bankruptcies, ceased operations, restructurations

Post by Airbus330lover »

And SAA just after....

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