Tag: Chapter 11

• Wednesday, May 28th 2025 - 20:41 UTC

  Azul files for Chapter 11 bankruptcy protection

  

  Brazil's Azul Airlines, the country’s third-largest carrier, filed for Chapter 11 bankruptcy protection in a New York court on Tuesday to restructure R$ 31.35 billion (US$ 5.56 billion) in debt. The filing follows a 50.3% debt increase in Q1 2025, driven by currency volatility, high US interest rates, and supply-chain issues, including Pratt & Whitney engine recalls resulting in grounded aircraft. Additionally, partnerships with ACMI providers like EuroAtlantic faced legal challenges from Brazilian labor unions over foreign crew usage.

• Friday, October 15th 2021 - 15:31 UTC

  LATAM Group requests an extension of the restructuring deadline to November 26

  

  Latam this week requested the US Bankruptcy Court for the Southern District of New York an extension of the deadline to lodge its restructuring plan until 26 November. The request “supports the continuity of the advances in negotiations with the different parts interested in the Chapter 11 process” argued the Chilean group in its presentation.

• Monday, July 5th 2021 - 08:07 UTC

  US Judge extends Latam's bankruptcy protection restructuring plan to September 15

  

  The Latam group airlines group reported that the Federal Court from the southern district of New York approved the extension of its restructuring plan to September 15, as part of the bankruptcy protection process initiated last year.

• Wednesday, June 28th 2017 - 18:49 UTC

  Takata to continue manufacturing airbags in Uruguay despite bankruptcy

  

  The Uruguayan plant of the Japanese airbag manufacturer Takata, which has filed for bankruptcy protection in the United States and Japan, will continue to operate normally, Takata Uruguay plant manager José Enrique Alonso explained.

• Tuesday, November 29th 2011 - 17:11 UTC

  American Airlines files for bankruptcy; plans to cut drastically labour costs

  

  American Airlines and its parent company AMR Corp filed for bankruptcy on Tuesday after failing to win a labour deal with pilots and suffering from mounting fuel costs.