ZIM Flugsitz seeks insolvency protection
German seating manufacturer ZIM Flugsitz filed an application for debtor-in-possession insolvency proceedings. The company cites a "persistent and considerable decline in sales" in recent months...
bankruptcy
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Global Eagle secures $80 million DIP financing in Chapter 11 bankruptcy filing
Global Eagle will restructure and recapitalize under Chapter 11 of the US Bankruptcy code. Substantially all of the company's assets are to be acquired for...
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DLD 299: Openings and closings
More openings than closings should be good news for lots in the industry, though things remain precarious on many fronts.
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DLD 298: Mixed awards, mixed messages
When an airline says it is concerned about passenger safety and then increases the number of seats sold that can be hard to reconcile. But...
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LIAT looks to liquidate; can CARICOM respond?
Caribbean airline LIAT is on the brink of liquidation, according to Antigua and Barbuda Prime Minister Gaston Browne. Flights are suspended through at least 15...
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LATAM Argentina, LEVEL Europe face bankruptcy
Another pair of airlines will halt operations, with the financial impact of COVID-19 the tipping point. LATAM Argentina and LEVEL Europe are both poised to...
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DLD 294: It’s Electric!
Whether taxiing to the runway or taking off for the skies, electric power is a growing part of the flying experience. Which is pretty damn...
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LATAM seeks US bankruptcy protection, plans to continue operations
South America's LATAM Airlines Group filed for Chapter 11 bankruptcy reorganization in the US courts on Tuesday morning, seeking to restructure debt while continuing regular...
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DLD 291: The Cheese Soup test
We're deep in the throes of learning what requirements will exist for passengers to prove they're healthy and resume travel. This week's episode has a...
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Avianca declares bankruptcy, seeks protection in restructuring
Colombia's Avianca became the latest and largest carrier to seek financial protections as the coronavirus pandemic stretches on, grounding airlines and flummoxing their balance sheets