Bankruptcy

Thai Airways Files For Bankruptcy With Rehab Plan

Thai Airways has issued a statement contradicting reports about its bankruptcy that have been on headline worldwide. Thai Airways To Restructure In Bankruptcy Court With Rehab Plan Photo: Wikimedia From news earlier, the Thai Government has confirmed that it will go to bankruptcy court to submit a rehabilitation plan for its flag carrier, Thai Airways International. …

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World’s Second Oldest Airline, Avianca Files For Bankruptcy In The US

Latin America’s second-largest airline Aviance Holdings, the parent company of Avianca has filed for bankruptcy on Sunday, after failing to receive any deadline for bond payment. Avianca has filed for bankruptcy in the United States Photo: Reuters The carriers plea for financial aid from Colombia’s government to sustain this corona virus pandemic have been unsuccessful …

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