Spirit Airlines was back in court over the weekend, once again seeking the protections of the US Bankruptcy Code, a move it claims was forced by a business partner.
bankruptcy
Anuvu to be Acquired by Platinum Equity
Inflight content and connectivity business Anuvu will be acquired by Platinum Equity, the latest in a series of financial twists for the company.
Spirit Airlines to restructure debt under Chapter 11 protection
Spirit Airlines will enter a voluntary restructuring, including a prearranged Chapter 11 bankruptcy, to reduce the carrier’s debt while it continues flying. The carrier plans to operate normally during the process.
Apcela set to bring SmartSky network back to life
Don’t call it a comeback; Apcela’s run the network for years. And now the SmartSky service, which halted operations on 16 August 2024, is set to come back online.
SmartSky ceases operations
After a decade of work to develop and deliver a new, high speed inflight connectivity solution SmartSky is halting operations.
LATAM fined $1 million for COVID refund delays
South American airline LATAM faces a $1 million fine from the US Department of Transportation for failure to refund passengers in a timeline manner after cancelling flights during the early days of the COVID-19 pandemic.
aha! halts operations, ExpressJet files for bankruptcy protection
Making money as a standalone ERJ145 operator is not easy. Doing it from tertiary markets in the US is even harder. And so, for the second time in its history, ExpressJet is pulling the plug on standalone operations.
Europe clears Alitalia debt from successor ITA
Alitalia’s obviously illegal loans from Italy won’t saddle its successor ITA as it launches in five weeks, thanks to a European Commission ruling handed down today.
Global Eagle completes Chapter 11 reorg, refocuses on mobility
Global Eagle completed its bankruptcy reorganization, announcing its emergence from the court-sanctioned process with $217.5 million in exit financing. The company also reasserts its focus on mobility markets including aviation, maritime, energy, and government sectors thanks to a divestiture of non-core businesses.
Global Eagle sees a refreshed 2021 with updated Gilat transceiver and more
In-flight connectivity performance should get a bit better in the coming months for some Global Eagle customers thanks to an improved on-board transceiver. The Aerostream 40Ku, developed by Gilat, achieved DO-160G certification this week, allowing for development of production units as it moves towards FAA certification and aircraft installation.