Latvian carrier secured commitments for €350 million in bankruptcy financing as it seeks to restructure debt while maintaining operations

Tech giant will pay US$10 million for the defunct carrier’s corporate communications and documents after winning a bankruptcy auction

Budget carrier becomes first U.S. airline casualty linked to Iran war

U.S. low-cost carrier is in talks with creditors while rising fuel costs add pressure to an already fragile restructuring

US seaplane operator reported minimal assets and heavy liabilities in court filings

The former national airline of the European country was liquidated in 2020 and replaced by Air Montenegro

Carrier plans pilot furloughs, flight attendant layoffs, and capacity cuts as part of cost-saving measures

US Bankruptcy Court backs Spirit’s agreement with AerCap, paving way for significant fleet reduction and operational changes.

Failure to secure funding and weak charter demand led to immediate halt of all Airbus operations

Restructuring move involves job cuts, route reductions and potential fleet changes amid ongoing financial difficulties