by Spyros Georgilidakis | Jun 12, 2021 | News
Regional operator Stobart Air ceased trading late last night (11th of June). The airline operated many of Aer Lingus’ regional flights, which are cancelled. Stobart Air has struggled like many airlines and travel-related businesses in the pandemic. With air travel...
by Spyros Georgilidakis | May 27, 2021 | News
Yesterday, Norwegian officially ended its bankruptcy protection status, having rid itself of most of its debt. But they still face challenges, as a smaller airline. Already last week, the troubled low-cost carrier announced that they raised NOK 6 billion ($721...
by Spyros Georgilidakis | Apr 24, 2021 | News
Aeroméxico confirmed the purchase of 28 aircraft from Boeing, as they are trying to emerge from Chapter 11 restructuring in the US. Aeroméxico has had a hard time in the pandemic. The Mexican carrier is one of the four founding members of the SkyTeam alliance, and the...
by Spyros Georgilidakis | Apr 12, 2021 | News
Norwegian Air Shuttle can now proceed with its reorganization plan, after approvals from courts both in Ireland and Norway, and now their creditors. We have followed Norwegian’s efforts to get approval for its reorganization plan. With operations split [mainly]...
by Spyros Georgilidakis | Dec 18, 2020 | News
Shareholders of Norwegian Airlines on Thursday approved the restructuring and reorganization plan of the airline, in an 80% vote in favour. The goal is to raise the necessary capital and cash flow, to keep the airline in operation. A smaller, more efficient operation....
