bankruptcy

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Air Australia collapse leaves 4,000 stranded and scrambling for refunds

Saturday, February 18th, 2012

17 February 2012
News reports state that Budget airline serving Asia-Pacific destinations including Hawaii and Thailand went into voluntary administration and unable to pay for fuel Thousands of passengers traveling from Hawaii to Thailand were stranded Click to continue »

American Airlines parent posts a $904 million net loss

Saturday, February 4th, 2012

4 February 2012 News reports state that American Airlines parent AMR Corp. (AAMRQ) reported a $904 million net loss for December in the first monthly operating report during its Chapter 11 bankruptcy. Click to continue »

Czech Connect Airlines files for bankruptcy

Saturday, January 7th, 2012

7 January 2012¬† News reports state that Czech Connect Airlines has filed for bankruptcy, with the operations of the Ostrava-based carrier ceasing on 21-Jan-2012. Click to continue »

Desperate NZ Government Selling off Key Kiwi Assets

Tuesday, January 25th, 2011
“In the worst of the recession, running a budget deficit was the right thing to do, as it gave much-needed support to the economy,” Mr Key said. Click to continue »