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Cranky Flier

Spirit Nears Bankruptcy Exit (Again) as Restructuring Reaches Milestone

Spirit Airlines said it has completed another significant milestone in its Chapter 11 restructuring, bringing the ultra‑low‑cost carrier closer to exiting bankruptcy again. The announcement marks tangible progress in a process that will shape the airline’s fleet, creditor recoveries and near‑term operational stability.

2026-02-27T11:13:53.499404-08:00

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EFCC tells Lagos court Arik Air diverted company funds to UmzaXpress insurance

2026-02-27T07:55:58.578755-08:00

ch-aviation

Angola reinstates plan to privatise national carrier TAAG

2026-02-27T04:07:01.581786-08:00

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East African Court to Hear $1.05bn Claim by Supreme Airlines Against South Sudan Government

2026-02-27T00:51:34.824491-08:00

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Cranky Flier

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Spirit Nears Bankruptcy Exit (Again) as Restructuring Reaches Milestone Spirit Airlines said it has completed another significant milestone in its Chapter 11 restructuring, bringing the ultra‑low‑cost carrier closer to exiting bankruptcy again. The announcement marks tangible progress in a process that will shape the airline’s fleet, creditor recoveries and near‑term operational stability.

2026-02-27T11:13:53.499404-08:00

Spirit Nears Bankruptcy Exit (Again) as Restructuring Reaches Milestone

ch-aviation

EFCC tells Lagos court Arik Air diverted company funds to UmzaXpress insurance The Economic and Financial Crimes Commission told a Lagos court that its investigation into alleged fraud at Arik Air found company funds were redirected to UmzaXpress insurance. Prosecutors outlined the financial movements in court as part of formal proceedings into the airline's conduct.

2026-02-27T07:55:58.578755-08:00

EFCC tells Lagos court Arik Air diverted company funds to UmzaXpress insurance

ch-aviation

Angola reinstates plan to privatise national carrier TAAG The Angolan government has reinstated plans to privatise state-owned carrier TAAG Angola Airlines, reversing recent statements from airline management that a sell-off was off the table. Luanda's move restarts preparations to seek private partners for the flag carrier and potentially reshape TAAG's strategic and financial trajectory.

2026-02-27T04:07:01.581786-08:00

Angola reinstates plan to privatise national carrier TAAG

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East African Court to Hear $1.05bn Claim by Supreme Airlines Against South Sudan Government The East African Court of Justice in Arusha, Tanzania, will hear on March 10, 2026 a USD1.05 billion claim by Supreme Airlines against the Government of South Sudan. The carrier alleges the government failed to honour a contractual or financial obligation that forms the basis of the suit.

2026-02-27T00:51:34.824491-08:00

East African Court to Hear $1.05bn Claim by Supreme Airlines Against South Sudan Government

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Air Transat seeks creditor support for restructuring plan Air Transat has formally asked creditors to support a restructuring plan as it seeks to stabilize its balance sheet and preserve operations. The request begins a formal creditor engagement process that could reshape the carrier’s balance-sheet measures, fleet commitments and strategic options while management pursues recovery actions.

2026-02-26T08:36:01.513256-08:00

Air Transat seeks creditor support for restructuring plan

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SA Express liquidation nears completion; April 2026 wind‑up targeted, brand valued at $10,000 Liquidators handling South African Express expect to wind up the carrier’s estate by April 2026, nearly six years after it entered liquidation. The process has assigned a nominal value to the SA Express brand — about $10,000 — as administrators prepare final distributions and close the company’s books.

2026-02-26T07:06:57.672743-08:00

SA Express liquidation nears completion; April 2026 wind‑up targeted, brand valued at $10,000

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South African Express placed into final liquidation by High Court South African Express has been placed into final liquidation by the South African High Court, ending the regional carrier's operations out of Johannesburg O.R. Tambo. The government has blamed the airline, and the court order moves administrators to wind up its affairs.

2026-02-26T07:06:57.326677-08:00

South African Express placed into final liquidation by High Court

ch-aviation

SA Express rescue bids reopened as final liquidation hearing delayed; brand valued at R150,000 Administrators of provisionally liquidated South African Express have invited fresh rescue bids this week after re-evaluating options, while the carrier's final liquidation hearing was postponed for the seventh time. The airline's brand and intellectual property have been valued at about R150,000 (~$8,000) and are being prepared for sale.

2026-02-26T07:06:57.319290-08:00

SA Express rescue bids reopened as final liquidation hearing delayed; brand valued at R150,000

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Aircraft Demand: Airline Distress & Consolidation News

Spirit Nears Bankruptcy Exit (Again) as Restructuring Reaches Milestone

EFCC tells Lagos court Arik Air diverted company funds to UmzaXpress insurance

Angola reinstates plan to privatise national carrier TAAG

East African Court to Hear $1.05bn Claim by Supreme Airlines Against South Sudan Government

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