All articles tagged with #airline bankruptcy
Verijet, a Florida-based private jet charter airline, filed for Chapter 7 bankruptcy amid financial difficulties and the death of its founder, leading to the liquidation of its assets and cancellation of flights, adding to a series of airline shutdowns in 2025.
Spirit Airlines is discontinuing service to 11 cities, including several with flights to and from Las Vegas, as part of a strategy to focus on its strongest markets and reduce debt following recent bankruptcy protection filing.
Silver Airways abruptly ceased all operations and canceled all flights without warning, leaving passengers stranded and advising them not to go to the airport, as the airline is undergoing bankruptcy restructuring and has sold its assets, with passengers needing to find alternative flights at potentially higher costs.
Silver Airways has ceased all operations and is shutting down after filing for Chapter 11 bankruptcy, with travelers to receive refunds. The airline's assets were sold to another company that decided not to continue Silver's flights, affecting routes in Florida and the Caribbean. Travelers are advised to consider alternative airlines like American, JetBlue, and others for their travel needs.
Azul, Brazil's third-largest airline, filed for Chapter 11 bankruptcy due to overwhelming debt accumulated during the COVID-19 pandemic, with support from major airlines like United and American Airlines for restructuring, amidst a challenging post-pandemic airline industry in Latin America.