Dec 14 The United States Olympic Committee (USOC) will not consider bankrupcy protection as it prepares to face lawsuits for failing to protect young gymnasts from the sexual abuse of a team doctor, chairwoman-elect Susanne Lyons said on Friday.
SAO PAULO, Dec 14 Brazilian airline Azul SA is not currently engaged in negotiations for a possible acquisition offer for struggling Avianca Brasil, Azul Chief Executive John Rodgerson told Reuters on Friday.
FRANKFURT, Dec 14 German airline Air Berlin's insolvency administrator is suing Abu Dhabi's Etihad, its former owner, for damages of up 2 billion euros ($2.26 billion), a Berlin court said on Friday.
FRANKFURT, Dec 14 German airline Air Berlin's insolvency administrator is suing Abu Dhabi' Etihad, its former owner, for damages of up 2 billion euros ($2.26 billion), a Berlin court said on Friday.
SAO PAULO, Dec 13 Brazil's fourth-largest airline, Avianca Brasil, has been in talks for a much-needed cash injection since before it filed for bankruptcy on Monday, German Efromovich, whose family controls the carrier, told Reuters.
Dec 13 Troubled low-cost African carrier Fastjet Plc said on Thursday it had enough cash to operate until Dec. 21 and that it had met the conditions for an open offer and equity refinancing to raise funds.
SAO PAULO, Dec 13 A Brazilian bankruptcy judge said on Thursday that airline Avianca Brasil can keep its leased aircraft for 30 days, marking a loss for leasing companies that had sought to repossess planes and obtained initial victories.
Dec 13 Troubled low-cost African carrier Fastjet Plc said on Thursday it had enough cash to operate for just over another week, after its open offer and equity refinancing conditions were satisfied.
SAO PAULO, Dec 13 Bolivian-born airline investor German Efromovich, whose holding company controls Avianca Holdings and Avianca Brasil, told Reuters on Thursday that he is in talks with unidentified funds to inject cash into his struggling Brazil-based carrier.
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