News of bankrupty

Airlines & Aviation

LATAM airline says it will lay off 2,700 crew

02-08-2020 19:29 Latin America's biggest airline said Friday it was laying off at least 2,700 crew to cope with the devastating effects of the coronavirus pandemic on the aviation industry.

Bloomberg

Avianca files for bankruptcy as Latin American skies stay closed

11-05-2020 12:57 Avianca Holdings SA, one of the biggest carriers in Latin America, filed for Chapter 11 bankruptcy after travel bans across the region forced the Colombian airline to ground its fleet.

Bloomberg

WeWork in crisis: ‘Workplaces will never be the same after this’

25-03-2020 19:32 WeWork’s strategy consisted in packing the most people in the less space possible to maximise revenue from each co-working office. Now, this approach seems obsolete with the Covid-19 pandemic.

Bloomberg

Agri-food giant Molino Cañuelas considers US$1.4-billion bankruptcy

01-03-2020 21:30 one of Argentina's largest food and grain mill producers is nearing bankruptcy, after 18 months of fruitless negotiations with creditors to restructure a US$1.4-billion debt.