Bankruptcy Archives

Jan18
Will Silverjet Survive the Year?
Will Silverjet follow the way of MAXjet?  The UK based airline is defending their strategy after a brokerage said it too was "doomed to fail."  This comes on the heels of the collapse of MAXjet which filed for bankruptcy last...
Dec29
MAXjet Files for Chapter 11
Hopefully your holidays are going well; unfortunately for many MAXjet passengers that story is not going to ring true.  On December 24, 2007, the day before Christmas, MAXjet grounded all planes and filed for Chapter 11 bankruptcy.  The airline... Continue Reading
Nov12
American Airlines Rejects Pilot Pay Proposal
American Airlines (AMR) is facing some difficult months ahead as their labor groups and the airline start to look at new contracts.  In the most recent news out of new labor contracts, American Airline rejected a pay proposal by... Continue Reading
Sep19
NWA Goes on Hiring Spree
Looking for a job in the airline industry?  Northwest Airlines (NWA) is hiring some 1,400 new employees this year as it looks to expand internationally and replace retiring workers.  The airline has already hired 3,600 workers this year to... Continue Reading
Jun18
NWA's Pilot Union Votes "No Confidence"
"We didn't give up 40 percent of our pay and commit to a severely degraded lifestyle to watch it be squandered by poor management," said Monty Montgomery.  The pilots union's executive council unanimously approved a resolution voting “no confidence”... Continue Reading
May30
Northwest Airlines Emerges from Bankruptcy on May 31, 2007
Everyone break out the bubbly, Northwest Airlines emerges from bankruptcy protection tomorrow a slightly smaller but a very lean company.  The airline cut $4.2 billion dollars in debt, over $400 million from aircraft, and over $1.4 billion in labor... Continue Reading
 


Airline Customer Service Slumps Lower Than IRS in Recent Survey
"Fix It Now" Read Signs by United Airline's Pilots, Flight Attendants and Mechanics
NWA Creditors Approve Reorganization Plan

Bankruptcy Archives

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