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THE AIRLINE FROM TATARSTAN HAS FILED FOR BANKRUPTCY

The airline Tulpar Air, which has registration at the airport of the Laishevsky district of Tatarstan, applied to the arbitration of the republic with an application for insolvency. The airline faced serious financial difficulties, which led to the decision ...

THE ESTONIAN AIRLINE IS PREPARING FOR BANKRUPTCY

... announced plans to file for insolvency and cease operations. This decision is due to the inability to attract an investor, which has become critical for a company that has already faced financial difficulties. NAG manages the activities of Nordica and Xfly airlines. As you know, the Estonian authorities had previously decided on the need to transfer NAG to private ownership. The Government stressed that the organization is no longer of strategic importance to the state, as it actually provides services ...

THE TAX AUTHORITIES FAILED TO BANKRUPT THE AIRLINE FROM SURGUT

The arbitration of the Khanty-Mansiysk Autonomous Okrug refused to recognize the Federal Tax Service No. 10 airline from Surgut as bankrupt. The claim was filed by the tax authorities on February 21, 2024. The fiscal officers demanded 3,743,952.14 rubles from Avia-TA. As a result, it was decided to terminate the case, and to refuse to satisfy the stated requirements ...

Legendary Italian airline Alitalia operates its final flight

Coronavirus infection had literally ‘killed’ Alitalia airline company. It became known that on October 14, the flight from Cagliari to Rome will be the last in the 75-year history of the air carrier. The reason for the liquidation of the aviation enterprise is bankruptcy. From Friday, flights will be operated ...

Philippine Airlines files for bankruptcy protection in US

The creditors have agreed to ‘forgive’ a $ 2 billion (100 billion Philippine francs) debt to the only airline in the Philippines having an IOSA certificate. PAL's chief financial officer, Nilo Thaddeus Rodriguez, said the company would make every effort to complete the restructuring on its own. At the same time, the results of its holding will depend ...

NORDWIND AIRLINES PROMISE TO SELL TICKETS FOR 1 RUBLE

... the minimum tariff, and Nordwind did not know what prices would be offered by competitors. To implement the program, the air carrier will receive a little more than 229 million rubles. It should be noted that despite the presence of 45 tourist routes, airlines supported only 35 destinations. The total amount of subsidies required is 1.13 billion rubles, which is less than the government's budget. Airlines do not show high interest in family subsidies due to the fact that this category of citizens is ...

BELAVIA AIRLINES MIGHT FACE BANKRUPTCY DUE TO THE EU SANCTIONS

The RyanAir airliner, which made an emergency landing in Minsk on May 23, may become the reason for the bankruptcy of the national air carrier of the Republic of Belarus. A significant number of experts come to this conclusion, commenting on the sanctions of the ...

PHILIPPINE AIRLINES READY TO FILE FOR BANKRUPTCY

According to local media reports, Philippine Airlines Inc. Company (PAL) has begun negotiations with creditors on restructuring and plans to file a bankruptcy petition under the US bankruptcy law. The company had been working on plans for financial recovery, considering the possibility of restructuring,...

POLISH AIRLINES LOT MIGHT GO BANKRUPT

LOT Polish Airlines (PLL LOT) found itself face to face with a number of financial problems that could lead the national carrier of Poland to ruin. The pandemic has become the reason for the deplorable state of affairs - many of the 37 airliners belonging to LOT ...

ARMAVIR COMPANY V-BIRD-AVIA DECLARED BANKRUPT

... proceedings have been opened for the next six months, and Georgy Koshkosh has become an interim manager. In recent years, the organization has been receiving bankruptcy claims with enviable regularity. In 2017, the JSC Pskovavia tried to drive the airline to bankruptcy - the case was based on a claim to recover almost 16 million rubles for excess storage of several airliners in 2017-2018. Last year, four persons filed insolvency petitions to the arbitration court at once, including two citizens ...

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