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Airline Closure

Airlines | Bankruptcy

Viva Air Peru Enters Bankruptcy Proceedings

ByAdmin 19/02/202520/02/2025

Viva Air Peru, the low-cost carrier that ceased operations in February 2023, has been placed under ordinary bankruptcy proceedings, according to the competition regulator. This development formalizes the airline’s financial collapse, opening the way for creditors to seek repayment.

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Airlines | Crisis | Financial | Low Cost Carrier

Go First Airways Ordered Into Liquidation

ByAdmin 20/01/202523/01/2025

Go First Airways, an Indian low-cost carrier, has been ordered into liquidation by the National Company Law Tribunal (NCLT) after its lenders filed a request for insolvency resolution. The decision marks a critical turning point for the airline, which had been facing financial challenges for some time.

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