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Terms of an employee contract negotiated over years can be eliminated in months through Chapter 11. Terms of the Railway Labor Act, amended in 1936 to cover airlines, prevent most labor union work actions before, during and after an airline bankruptcy. Continental Airlines declared bankruptcy, Chapter 11, a second time in December 1990.
iAero Airways, previously named Swift Air, was an American charter airline based in Greensboro, North Carolina with its main hub at Miami International Airport. [3] The airline announced that it would cease all operations on April 6, 2024, after failed restructuring efforts during bankruptcy proceedings.
Pages in category "Companies that filed for Chapter 11 bankruptcy in 2024" The following 170 pages are in this category, out of 170 total. This list may not reflect recent changes .
Companies that filed for Chapter 11 bankruptcy in 2023 (4 C, 165 P) Companies that filed for Chapter 11 bankruptcy in 2024 (171 P)
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. [1]
American was the last of the remaining legacy airlines in the US to file for bankruptcy, and thus there are no remaining legacy carriers that have not taken advantage of Chapter 11. The Air Transport Association group said that unofficial research states that AMR was the 100th airline company to go into bankruptcy protection since 1990. [11]
Audacy, the struggling multi-platform audio content company, has begun prepackaged Chapter 11 bankruptcy proceedings in US Bankruptcy Court for the Southern District of Texas, the company ...
On September 14, 2005, Northwest Airlines filed for Chapter 11 Bankruptcy protection. [9] Subsequently, the airline withheld over US$25 million in payments from their regional partners, Mesaba and Pinnacle. Northwest proceeded to announce plans to ground the entire Avro jet fleet by Q1 2007, ten Saab 340B aircraft by January 2006, and also halt ...