Airline bankruptcies, ceased operations, restructurations

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Passenger
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Re: Airline bankruptcies, ceased operations, restructurations

Post by Passenger » 18 Jan 2020, 00:14

Tarom (Romania) received a LEI / Romanian RON 195,000,000 loan from the government (= € 40,8M) to secure its March payments.

Source:
https://www.profit.ro/povesti-cu-profit ... a-19229586

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Re: Airline bankruptcies, ceased operations, restructurations

Post by TLspotting » 18 Jan 2020, 21:11

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Re: Airline bankruptcies, ceased operations, restructurations

Post by sn26567 » 11 Feb 2020, 15:48

André
ex Sabena #26567

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Re: Airline bankruptcies, ceased operations, restructurations

Post by sn26567 » 11 Feb 2020, 22:03

sn26567 wrote:
11 Feb 2020, 15:48
Air Italy: The End
Air Italy announced it will cease operations on 25 February. Until then, all of its flights will be operated by other airlines. Today, those include Wamos, Albastar, Neos, and Tayarn Jet.
André
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Re: Airline bankruptcies, ceased operations, restructurations

Post by TLspotting » 12 Feb 2020, 16:42

Turkish air carrier AtlasGlobal is bankrupt and stops operations

https://www.aviation24.be/airlines/atla ... perations/
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Re: Airline bankruptcies, ceased operations, restructurations

Post by TLspotting » 12 Feb 2020, 17:20

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

https://www.aviation24.be/airlines/air- ... -carriers/
Airlines flying for Air Italy : Wamos Air, Albastar, Air Horizont, Neos, Lumiwings and TayaranJet.
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Re: Airline bankruptcies, ceased operations, restructurations

Post by TLspotting » 12 Feb 2020, 18:18

Ryanair shows his interest in Air Italy. (via Repubblica)
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Re: Airline bankruptcies, ceased operations, restructurations

Post by TLspotting » 13 Feb 2020, 20:17

TLspotting wrote:
12 Feb 2020, 18:18
Ryanair shows his interest in Air Italy. (via Repubblica)
Ryanair denies any interest in Air Italy

https://www.aviation24.be/airlines/ryan ... air-italy/
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Re: Airline bankruptcies, ceased operations, restructurations

Post by TLspotting » 13 Feb 2020, 20:51

SAA :

South African Airways may sell its two prized nighttime slots at London Heathrow as the state-owned carrier battles to stave off financial collapse.

South Africa’s Treasury’s says the government refused to provide guarantees to South African Airways due to the airline’s inability to finalize financial statements on an ongoing basis.

Tunisair :

Tunisair should be rescued by the government and restructured, says federal labor union, who also opposes fifth freedom rights for Qatar Airways.
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Re: Airline bankruptcies, ceased operations, restructurations

Post by TLspotting » 14 Feb 2020, 20:26

SA Express enters into the Business Rescue process to ensure the long term sustainability of the airline. All operations to continue as normal.

South African Airways announces that Travel Insurance Consultants have reinstated the travel supplier insolvency cover on the airline.

Vim Airlines administrators are auctioning off two B757-200s, serials 26434 and 26433, for around US$15.7 million.
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Re: Airline bankruptcies, ceased operations, restructurations

Post by globetrotter » 17 Feb 2020, 22:55

TLspotting wrote:
12 Feb 2020, 16:42
Turkish air carrier AtlasGlobal is bankrupt and stops operations

https://www.aviation24.be/airlines/atla ... perations/
Wonder if Onur Air will be the next airline in Turkey to close.

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Re: Airline bankruptcies, ceased operations, restructurations

Post by TLspotting » 19 Feb 2020, 08:52

Wideroe cuts 4,000 flights from its domestic network, as the carrier struggles to reach profitability.

Adria :
Slovenia’s police have launched investigations into suspected abuse of office and fraud at defunct Adria Airways, which declared bankruptcy in September 2019.

VIM Airlines :
VIM Airlines put up for sale three aircraft engines, including RB211 and TRENT 892B for US$13.0 million.
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