How did Aura Air go from $60 million valuation to bankruptcy – CTech

The District Court in Tel Aviv has approved Israeli air filtration company Aura Airs request for bankruptcy. The company appealed to the court after amassing debts amounting to NIS 49 million (approximately $13 million). Additionally, the court appointed two trustees to oversee the company. The judge, Noa Grossman, jointly designated the company’s CFO, Ofer Bluemenfeld,…

Adria administrator drops case against former CEO – EX-YU Aviation News

NEWS FLASH Adria Airways bankruptcy administrator has dropped proceedings to hold one of the former national airlines CEOs, Sven Kukelmelk, responsible for the companys collapse. Mr Kukelmelk from Estonia joined Adria just months before the airline declared bankruptcy and was the carrier’s CEO jointly with Holger Kowarsch. Last year, the bankruptcy administrator filed a 78-million-euro…

Four new home insurance companies approved to operate in … – Islander News.com

Property owners in Florida will now have a choice of four new insurers this year after the Orion180 Select Insurance Company and Orion180 Insurance Company were approved Tuesday by the Florida Office of Insurance Regulation (OIR). They will join Mainsail Insurance Company, which was approved in August, and Tailrow Insurance Company, approved in April. OIR…