Articles tagged “bankruptcy”

Airlines

Spirit Airlines in Advanced Talks Over a Bankruptcy Filing, WSJ Says

The Journal reported that Spirit is looking to bankruptcy after talks with Frontier about reviving a merger broke down.

Spirit Airlines in Advanced Talks Over a Bankruptcy Filing, WSJ Says

Tour Operators

Cox & Kings’ India Brand Returns Under New Owner

As Cox & Kings re-enters a competitive, technology-driven market, the brand faces the challenge of regaining customer trust while appealing to a new generation of travelers. The big question: Can Wilson & Hughes breathe new life into a legacy brand?

Cox & Kings’ India Brand Returns Under New Owner

Airlines

Spirit Airlines Extends Key Deadline to Refinance Debt as Bankruptcy Speculation Looms

Some Wall Street analysts had speculated that if Spirit wasn’t able to reach refinance or extend the deadline on a credit card processing agreement, then bankruptcy could have been on the table.

Spirit Airlines Extends Key Deadline to Refinance Debt as Bankruptcy Speculation Looms

Airlines

Spirit Airlines in Talks With Bondholders Over Potential Bankruptcy Filing: WSJ

Just months ago, Spirit CEO Ted Christie said the budget carrier was not considering a chapter 11 bankruptcy.

Spirit Airlines in Talks With Bondholders Over Potential Bankruptcy Filing: WSJ

Experiences

Hornblower CEO Starts Post-Bankruptcy Pivot for Travel Experiences Company

If you've ever sailed past Niagara Falls or toured a city on a sightseeing bus, you may have thought, "This is nice and all, but I wish there was something more." Tour operator Hornblower plans to fix that.

Hornblower CEO Starts Post-Bankruptcy Pivot for Travel Experiences Company

Hotels

Selina Collapses in Liquidity Crisis, Seeks Buyers

Selina billed itself as a pioneer in the "digital nomad" hospitality sector. But it can no longer avoid insolvency. Its woes can be partly traced back to its ill-fated SPAC merger in October 2022.

Selina Collapses in Liquidity Crisis, Seeks Buyers

Airlines

Spirit Airlines Is Not Considering a Chapter 11 Bankruptcy, CEO Says

Spirit’s CEOs comments come as S&P downgraded the carrier’s credit rating earlier this week, potentially hurting its ability to refinance its debt. The carrier has $1.1 billion in debt set to mature in September 2025.

Spirit Airlines Is Not Considering a Chapter 11 Bankruptcy, CEO Says

Short-Term Rentals

Frontdesk’s Assets Will Likely Be For Sale

You can expect that some of Frontdesk's rivals will move in to buy some of its remains.

Frontdesk’s Assets Will Likely Be For Sale

Online Travel

EbixCash Says Parent Company’s Bankruptcy Won’t Affect Operations

While it's business as usual for EbixCash, it remains to seen if this will further delay the company's IPO launch.

EbixCash Says Parent Company’s Bankruptcy Won’t Affect Operations

Airlines

India’s SpiceJet Confirms Bid to Acquire Bankrupt Carrier GoFirst

SpiceJet's bid to acquire GoFirst signals a strategic move to strengthen its market position. However, the carrier's own operational and financial hurdles may pose integration challenges.

India’s SpiceJet Confirms Bid to Acquire Bankrupt Carrier GoFirst