Struggling airline files for Chapter 11 bankruptcy [Yahoo! Finance]
TURK HAVA YOLLAR UNSP/ADR (TKHVY)
NASDAQ:AMEX Investor Relations:
investor.turkishairlines.com/en
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Source: Yahoo! Finance
Throughout the fall, Icelandic airline Play and Swedish airline Braathens Aviation both shut down operations in bankruptcy within a few weeks of each other, while flag carrier Air Albania has also not run any flights since the start of December after main investor Turkish Airlines announced plans to sell its 49% stake. In the United Kingdom, regional carriers Eastern Airways of the East Midlands and Guernsey-based Blue Islands both also fell in abrupt insolvencies that left thousands of travelers stranded and competitors having to offer rescue fares. Flying out of Miami International Airport since 2007, Havana Air has become the latest airline in the U.S. to file for Chapter 11 protection. As first reported by Law360 , the airline registered as Viajehoy LLC told the bankruptcy judge in the U.S. Bankruptcy Court for the District of Delaware that its financial struggles came after the Trump administration enacted a travel ban on citizens of Cuba, along with 18 other countries, ea
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