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bankruptcy

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

Objections raised to Global Eagle reorganization plan

13 October 2020 By Seth Miller Leave a Comment

As Global Eagle presses forward in its efforts to emerge from Chapter 11 bankruptcy protection the company faces new challenges. More than 10,000 contracts are expected to the terminated through the process, nearly all of them without compensation to the other party. And some of those filed objections to that plan.

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

AirAsia Japan halts operations

5 October 2020 By Seth Miller Leave a Comment

AirAsia Japan is dead. Again. The second iteration of the ASEAN discount carrier’s operation in Japan ceased operations on Monday, bringing an end to the three year run the carrier flew from its base at Nagoya.

This story is about: AirAsia, AirAsia India, AirAsia Japan, bankruptcy, COVID-19, Nagoya, NGO Filed Under: Airplanes and Airports

Thai Airways bankruptcy petition accepted by Thai court

14 September 2020 By Seth Miller 5 Comments

Thai Airways officially entered its bankruptcy reorganization on Monday. The carrier’s petition for rehabilitation, filed on 27 May 2020, was granted by the Central Bankruptcy Court on 14 September, allowing the company to proceed with its recovery plans.

This story is about: bankruptcy, frequent flier, frequent flyer, loyalty, Thai Airways Filed Under: Airplanes and Airports, Loyalty

LATAM loses key ruling in bankruptcy court

11 September 2020 By Seth Miller Leave a Comment

As LATAM went hunting for cash to see it through bankruptcy it leaned on old friends. But when it comes time to convert the debt to equity, restoring ownership for Delta, Qatar and the Cueto family, the deal proved a bit too sweet for the US Bankruptcy Court to accept.

This story is about: bankruptcy, Delta Air Lines, LATAM, Qatar Airways Filed Under: Airplanes and Airports

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