bankruptcy

Will Kingfisher Airlines Survive?

Friday, October 5, 2012
By George Hatcher

Unable to pay its crews, Kingfisher Airlines grounded its fleet this week. Employees are in the midst of a strike and things aren’t looking good. Lenders refused funding, and employees can’t expect getting their full salaries in the foreseeable future. The biggest hurdle to getting permission to fly will be running the gauntlet of... »

Air Australia Passengers Stranded

Thursday, February 16, 2012
By George Hatcher

Brisbane’s budget airline Air Australia just announced that flights are canceled and there will be no more new bookings because it can’t pay its bills. The company is now in Australia’s version of bankruptcy protection (voluntary administration). A portion of 4000 passengers were left stranded in places like Phuket and Honolulu. Jetstar and Qantas... »

RSS Plane Crash News

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  • Dozens hurt after bus crash on NJ Turnpike https://t.co/cxJ9cDnxEp via @6abc
    about 2 hours ago
  • Flybe Plane makes Safe Landing in England due to Engine Shut Down https://t.co/zIFCqz9Khu
    about 7 hours ago
  • TAROM Plane makes Emergency Landing in Romania due to Loss of Cabin Pressure https://t.co/o76nkPCZJ8
    about 7 hours ago
  • Iran Air Plane Returns to Iran due to Unusual Odor https://t.co/xI8uuyvSy2
    about 7 hours ago
  • Iberia Express Plane Diverts to England due to Smoke in Cockpit https://t.co/tvBnnDaX2M
    about 7 hours ago