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David Neeleman, founder of JetBlue Airways (B6, New York JFK), among other airlines, has said that JetBlue is at risk of going bankrupt in 2026 due to sky-high jet fuel prices. “JetBlue is in a really tough spot. They really are,” Neeleman said at a Breeze Airways pilot pocket session, which was recorded online and…
The Russian division of Microsoft is declared bankrupt AKM.RU Read the original article here
Uchumi reveals Sh7.05bn insolvency ahead of first AGM in 8 years Business Daily Read the original article here
Scottish motorsport racing company plunges into liquidation The Scottish Sun Read the original article here
New Delhi: Banks initiating bankruptcy proceedings without replacing existing management in defaulting companies will set a monetary threshold above which the distressed firm must obtain financial-creditor approval, according to a set of draft regulations released by rule maker Insolvency and Bankruptcy Board of India (IBBI) on Wednesday for public feedback. IBBI said the draft regulations…
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Microsoft Russian branch declared bankrupt The Moscow Arbitrage Court has recognised the company Microsoft Rus, the Russian subsidiary of Microsoft, as bankrupt, reports RBC. The legal process was initiated by Microsoft. The debt of Microsoft Rus totaled RUB 1.54 billion. Microsoft still owns three affiliated companies in the country, but stopped its activities there in…
Spirit Airlines could liquidate as soon as this week (Image: Getty) This article contains affiliate links, we will receive a commission on any sales we generate from it. Learn more Spirit Airlines could liquidate as soon as this week amid a second bankruptcy declaration in less than a year, and a spike in fuel prices…