Crisis - AviaExchange.com

Fly Gangwon Exits Judicial Oversight, Rebrands as Parata Air Under New Ownership

ByAdmin 21/10/202422/10/2024

Fly Gangwon, a low-cost carrier based in Yangyang, Korea, has officially exited its judicial rehabilitation process after 16 months of financial restructuring.

Airlines | Crisis

LAM Mozambique Suspended from IATA Clearing House, Faces Ticket Sales and Interline Disruptions

ByAdmin 21/10/202422/10/2024

LAM – Linhas Aéreas de Moçambique, the national airline of Mozambique, has been suspended from the International Air Transport Association (IATA) Clearing House (ICH), a key global billing and settlement service for airlines.

Airlines | Boeing | Crisis

FlyEgypt Ceases Operations Amid Financial Crisis, Faces Liquidation Challenges

ByAdmin 21/10/202422/10/2024

FlyEgypt, a privately-owned Egyptian airline, has ceased flight operations as it struggles with severe financial difficulties.