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bankruptcy

aha! halts operations, ExpressJet files for bankruptcy protection

23 August 2022 By Seth Miller 2 Comments

A rendering of the aha! ERJ145

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.

This story is about: aha!, bankruptcy, ERJ-145, ExpressJet Filed Under: Airplanes and Airports

Europe clears Alitalia debt from successor ITA

10 September 2021 By Seth Miller 1 Comment

Just scribble an

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.

This story is about: Alitalia, bankruptcy, debt, Europe, European Union, ITA, Italia Trasporto Aereo Filed Under: Airplanes and Airports

Global Eagle completes Chapter 11 reorg, refocuses on mobility

23 March 2021 By Seth Miller Leave a Comment

Peering out the (open!) window during a test flight over Long Beach

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.

This story is about: bankruptcy, Global Eagle, Global Eagle Entertainment Filed Under: IFEC

Global Eagle sees a refreshed 2021 with updated Gilat transceiver and more

4 March 2021 By Seth Miller Leave a Comment

The new Aerostream 40Ku from Gilat, soon to be flying with Global Eagle's IFC solution

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.

This story is about: Aerostream, bankruptcy, Gilat, Global Eagle, IFC, IFEC, in-flight connectivity, in-flight internet, inflight connectivity, Wavestream, wifi Filed Under: IFEC, PremCat

Intelsat plans bankruptcy exit, notes liquidation risks

15 February 2021 By Seth Miller Leave a Comment

Intelsat has a plan to emerge from its Chapter 11 bankruptcy protection. It involves slashing debt owed by more than half, from $15 billion to $7 billion. But the debtors must agree to those losses. If not, the company faces a more dire outcome, including the likely liquidation of its recently acquired Gogo Commercial Aviation business.

This story is about: 2Ku, bankruptcy, British Airways, EAN, European Aviation Network, gogo, Hybrid, IFC, IFEC, in flight, in-flight connectivity, in-flight internet, inflight connectivity, Inmarsat, Intelsat, Ka, Ka-band, Ku, Ku-band, S-Band, Satellite, ViaSat, ViaSat-3, Vueling, wifi Filed Under: IFEC, PremCat

Norwegian halts most CashPoints loyalty during restructuring

1 February 2021 By Seth Miller 3 Comments

The Norwegian CashPoints loyalty program is taking a break. As the carrier moves through the bankruptcy protection and reorganization processes in Ireland and Norway the bulk of the programs benefits will be removed.

This story is about: bankruptcy, CashPoints, frequent flier, frequent flyer, loyalty, Norwegian Filed Under: Loyalty

Norwegian abandons long-haul operations, refocuses on 737 routes in Europe

14 January 2021 By Seth Miller 3 Comments

Norwegian 787 with deicing at night

Chalk up another major long-haul LCC failure. Norwegian will abandon its fleet of 37 787 Dreamliners, refocusing on the short-haul European market served with single-aisle aircraft.

This story is about: 787, bankruptcy, Collins Aerospace, COVID-19, Dreamliner, Gatwick, GX, GX Aviation, Inmarsat, JetBlue, LCC, LCCs, leasing, LGW, London, Low Cost Carriers, Norwegian, routes, slots, TATL, transatlantic Filed Under: Airplanes and Airports

OneWeb emerges from bankruptcy, ready to launch

20 November 2020 By Seth Miller 1 Comment

OneWeb satellites rolling off the assembly line in Florida in advance of their launch

OneWeb emerged from bankruptcy protection on Friday, poised to resume satellite launches and bring is constellation into service. The company also has a new CEO, and a satellite production facility that won’t be moving to the UK after all.

This story is about: bankruptcy, Ben Griffin, IFC, IFEC, in flight, in-flight connectivity, in-flight internet, inflight connectivity, LEO, Low Earth Orbit, OneWeb, Satellite, wifi Filed Under: IFEC

Global Eagle charts a new course out of Chapter 11

28 October 2020 By Seth Miller 1 Comment

As Global Eagle finalizes its financial plans for emergence from Chapter 11 Bankruptcy protection there are plenty of questions about what the future of the company will look like. Fortunately the most critical issue is easy to answer: The Albatross test aircraft remains part of the operation. Beyond that, however, the company sees the current industry crisis as an opportunity to reinvent what the inflight connectivity and entertainment business looks like.

This story is about: bankruptcy, COVID-19, Global Eagle, Global Eagle Entertainment, IFC, IFE, IFEC, in flight, in-flight connectivity, in-flight entertainment, in-flight internet, inflight connectivity, inflight entertainment, Satellite, wifi Filed Under: IFEC, PremCat

Global Eagle bankruptcy exit plan approved

16 October 2020 By Seth Miller Leave a Comment

Global Eagle's Albatross One on the ramp in Ottawa during the Telesat LEO test flight efforts

Global Eagle received court approval to sell the bulk of its assets to its primary debt-holders, paving a path for its exit from Chapter 11 bankruptcy court protection. The deal wipes nearly a quarter billion dollars of debt from the books and delivers a fresh infusion of cash to boost operations.

This story is about: bankruptcy, Global Eagle, Global Eagle Entertainment Filed Under: IFEC

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