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Bankruptcy

MIDEAST - Factors to watch - December 16

DUBAI, Dec 16 Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy.

Olympics-Bankruptcy for USOC not an option despite lawsuits

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.

Olympics 2012, 15 Dec 2018

UPDATE 1-Azul might consider Avianca Brasil acquisition in the future -CEO

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.

Bonds, Regulatory News, 14 Dec 2018

UPDATE 2-Air Berlin's administrator sues Etihad for up to 2 bln euros

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.

14 Dec 2018

Insolvent Air Berlin's administrator sues Etihad for up 2 bln euros

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.

14 Dec 2018

UPDATE 4-Avianca Brasil in talks since before bankruptcy filing for cash boost

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.

UPDATE 1-Struggling Fastjet meets conditions to raise cash

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.

13 Dec 2018

Brazil judge says Avianca Brazil can keep disputed aircraft for 30 days

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.

Bonds, Regulatory News, 13 Dec 2018

Fastjet secures lifeline to continue operating for another week

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.

13 Dec 2018

Avianca Brasil airline investor says seeking cash injection

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.

Bonds, Regulatory News, 13 Dec 2018

Quote

Magna Eius Mollit Totam Dolor

Quae Perspiciatis Ex Aliquam Pariatur. Consequuntur Eu Sequi Quo Aliquid Aliquam. Consequat Corporis Omnis Dolore Illum.