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Bankruptcy Archives
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Jan18
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Dec29
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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...
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Nov12
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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...
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Sep19
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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...
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Jun18
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"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”...
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May30
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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...
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