Travel News Airline, Travel Companies Face Chapter 11 Bankruptcy, Default Risk
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Troubled airline files Chapter 11 bankruptcy, seeks sale
The struggling charter airline and aviation services provider files for Chapter 11 bankruptcy to sell its assets to its lenders. The U.S. airline industry faced major financial distress in 2025 with ... Read More
US airline files for bankruptcy with $38M+ in mounting debt, dozens of lawsuits
After just five years in business, U.S. private airline Verijet has filed for bankruptcy following the death of its founder and CEO, Richard Kane. The airline, which touted itself for offering a more ... Read More
Struggling cruise line files Chapter 11 bankruptcy
The cruise line’s leadership team said the company has “a small cash flow problem.” While 2025 brought with it the high-profile bankruptcies of airlines such as Play and Spirit Airlines, many ... Read More
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