bankruptcy

The other day we announced that the airline Czech Airlines is on the verge of bankruptcy. Here the inevitable has happened. Another European airline declares bankruptcy, victim of the COVID-19 pandemic. Czech Airlines (CSA),...

Montenegro Airlines, Montenegro's national airline, has ceased operations since December 26, 2020. 360 employees have lost their jobs. The Montenegrin carrier suffered heavy financial losses due to it...

The coronavirus pandemic leaves deep traces in the world economy. Tourism, aviation and hospitality industries, most affected by the crisis caused by COVID-19. Millions of people have lost their jobs, others are unemployed...

UPDATE March 05, 2020 - Officially, Flybe went bankrupt and all the company's activity was stopped. Flybe cannot operate flights with other partners. As of March 0, Flybe has joined the Administration in...

On February 12, Atlasglobal's management filed for bankruptcy and stopped all business activities. The last flight operated was on the route Baghdad - Istanbul. AtlasGlobal, which flew under the name Atlasjet until March 31...

Today, February 11, 2020, Air Italy ceased operations. Following the shareholders' meeting (Alisarda 51% and Qatar Airways through AQA Holding SpA 49%), it was decided to liquidate the airline. According to existing information,...

It's official! Tonight, on November 26, 2019, AtlasGlobal announced that it has suspended all flights and all commercial operations. Reason: Restructuring and reorganization. Theoretically, the flight suspension will be up to...

Today, September 30, 2019, Adria Airways went bankrupt. After 58 years of flying, Slovenia's air carrier has ceased operations. Last week, we announced that Adria Airways is suspending its operations...

We went bankrupt with the Thomas Cook Group UK and jumped over the bankruptcy of the French company XL Airways. The low-cost carrier XL Airways from France, specialized in long-haul flights, ceased its activity on September 19, 2019....

For many in the tourism industry, the bankruptcy of Thomas Cook UK is no surprise. Thomas Cook Group has shown many signs of weakness since 2017. It was only a matter of time before the Thomas Cook Group ceased to exist....

Two months after stopping all operations in India and abroad, Jet Airways has not found a buyer. Bankruptcy proceedings have been filed against the company! On April 17, 2019, Jet Airways stopped all operations....

The commercial aviation industry is on the rise. Globally, there is a favorable economic environment for the development of commercial aviation, for the development of tourism and business relations between states. Conformable...