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AVIANCA HOLDINGS.
These are the airlines teetering on the brink of Covid ruin, shows data from Z-score bankruptcy gaugeIATA, in a new analysis released last week, said total industry revenues next year are expected to be down 46% on 2019’s $838 billion. With...
Virgin Atlantic airline files for United States bankruptcy protectionA spokeswoman for Virgin Atlantic said the bankruptcy filing is part of a court process in the United Kingdom to carry out a restructuring ...
America's largest airline LATAM files for US bankruptcy protectionLatin America's largest airline LATAM filed for bankruptcy in the US on Tuesday, the company said in a statement, following a drastic slump...
Russia's Far East Development Fund expresses interest in Jet AirwaysRussian government-backed Far East Development Fund has shown a preliminary interest in buying bankrupt Indian carrier Jet Airways, a perso...
Russian government backed fund shows interest in Jet Airways“They submitted some documents just last week,” said the person in the know who didn’t want to be named. The fund was established in Novemb...
Synergy, Delhi-based firm show interest in Jet AirwaysSynergy owns majority shares in airlines including Colombian carrier Avianca Holdings. The conglomerate had last time submitted an expressi...
Synergy Group submits fresh EOI for Jet AirwaysThe conglomerate submitted the EOI after several extensions of the deadline to submit one. The conglomerate had last time submitted an expr...
Jet Airways lenders make presentation to Synergy GroupThe airline owes over Rs 8,500 crore, excluding interest, and other penal charges, to a clutch of lenders led by the State Bank.
Jet Airways fails to attract new biddersGrounded Jet Airways failed to attract any new bidders during the extended deadline, according to a source.
Colombian airline Avianca’s owner shows interest in Jet AirwaysMajority shareholder in Colombian carrier Avianca submits EoI after Aug 10 deadline; RP to seek Jet creditors’ nod.