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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

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

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

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South African Express placed into final liquidation by High Court

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

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

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

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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

ch-aviation

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

ch-aviation

LAM Mozambique hit by five criminal investigations into alleged mismanagement and corruption LAM — Linhas Aéreas de Moçambique — is under investigation in five separate criminal proceedings over suspected mismanagement, corruption and related offences. The probes focus on the state carrier’s governance and financial practices and could carry legal, operational and fiscal implications for the airline and government.

2026-02-26T05:46:23.207267-08:00

LAM Mozambique hit by five criminal investigations into alleged mismanagement and corruption

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Russian court orders Yakutia Airlines to repay $5.1 million debt A Russian court has ordered Yakutia Airlines to repay $5.1 million in debt, creating an immediate enforceable financial obligation for the carrier. The judgment resolves a creditor claim and requires Yakutia to satisfy the payment under the court’s terms.

2026-02-25T17:33:14.507999-08:00

Russian court orders Yakutia Airlines to repay $5.1 million debt

Reuters

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Air New Zealand launches comprehensive review after 1H26 pre-tax loss of NZ$59m as political pressure rises Air New Zealand has opened a comprehensive business review after reporting a 1H26 loss before tax of NZ$59 million (net loss NZ$40m) and EBITDA of NZ$347m, blaming rising costs and supply‑chain delays. Deputy Prime Minister David Seymour renewed calls to sell the government’s 51% stake.

2026-02-25T13:13:11.512795-08:00

Air New Zealand launches comprehensive review after 1H26 pre-tax loss of NZ$59m as political pressure rises

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Azul remains intent on recovering debt from TAP Azul says it is pressing to recover debt it alleges is owed by TAP Air Portugal, keeping a cross-border creditor claim active. The move puts pressure on ongoing negotiations over TAP's ownership, liabilities and creditor settlements as both carriers and investors assess financial exposure.

2026-02-25T10:13:35.210396-08:00

Azul remains intent on recovering debt from TAP

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Aircraft Demand: Airline Distress & Consolidation News

Air Transat seeks creditor support for restructuring plan

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

South African Express placed into final liquidation by High Court

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

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