Airlines are cutting U.S. flights, shedding employees, putting off plane orders and even talking about combinations. But with cash bleeding fast, fuel prices high and credit tight, nothing they do may be able to stop several major airlines’ return flight toward bankruptcy, and possibly liquidation.
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Airlines are cutting U.S. flights, shedding employees, putting off plane orders and even talking about combinations. But with cash bleeding fast, fuel prices high and credit tight, nothing they do may be able to stop several major airlines’ return flight toward bankruptcy.
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In a nutshell, you are the best to decide which way you have to go. But think twice and try to avoid bankruptcy up to the maximum extent or else hire the services of an expert bankruptcy adviser and get rid of your derailing debt load.
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Aviation Technology Group has filed for Chapter 7 bankruptcy after unsuccessfully trying to find a buyer for the very light jet company based at Front Range Airport in Jefferson County, according to court records.
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