Articles tagged “bankruptcy”

Experiences

Hornblower CEO Starts Post-Bankruptcy Pivot for Travel Experiences Company

If you've ever sailed past Niagara Falls or toured a city on a sightseeing bus, you may have thought, "This is nice and all, but I wish there was something more." Tour operator Hornblower plans to fix that.

Jesse Chase-Lubitz | 4 weeks ago

Hornblower CEO Starts Post-Bankruptcy Pivot for Travel Experiences Company

Hotels

Selina Collapses in Liquidity Crisis, Seeks Buyers

Selina billed itself as a pioneer in the "digital nomad" hospitality sector. But it can no longer avoid insolvency. Its woes can be partly traced back to its ill-fated SPAC merger in October 2022.

Sean O'Neill | 2 months ago

Selina Collapses in Liquidity Crisis, Seeks Buyers

Airlines

Spirit Airlines Is Not Considering a Chapter 11 Bankruptcy, CEO Says

Spirit’s CEOs comments come as S&P downgraded the carrier’s credit rating earlier this week, potentially hurting its ability to refinance its debt. The carrier has $1.1 billion in debt set to mature in September 2025.

Meghna Maharishi | 4 months ago

Spirit Airlines Is Not Considering a Chapter 11 Bankruptcy, CEO Says

Short-Term Rentals

Frontdesk’s Assets Will Likely Be For Sale

You can expect that some of Frontdesk's rivals will move in to buy some of its remains.

Dennis Schaal | 8 months ago

Frontdesk’s Assets Will Likely Be For Sale

Online Travel

EbixCash Says Parent Company’s Bankruptcy Won’t Affect Operations

While it's business as usual for EbixCash, it remains to seen if this will further delay the company's IPO launch.

Peden Doma Bhutia | 9 months ago

EbixCash Says Parent Company’s Bankruptcy Won’t Affect Operations

Airlines

India’s SpiceJet Confirms Bid to Acquire Bankrupt Carrier GoFirst

SpiceJet's bid to acquire GoFirst signals a strategic move to strengthen its market position. However, the carrier's own operational and financial hurdles may pose integration challenges.

Peden Doma Bhutia | 9 months ago

India’s SpiceJet Confirms Bid to Acquire Bankrupt Carrier GoFirst

Online Travel

Despegar Sees Brazil Gains After Alleged Airline Ticket Ponzi Scheme Goes Bust

Brazil is a huge market, as are airline tickets, for Despegar. A rival with an alleged Ponzi scheme for selling airline tickets wasn't really fair competition.

Dennis Schaal | 11 months ago

Despegar Sees Brazil Gains After Alleged Airline Ticket Ponzi Scheme Goes Bust

Tourism

India Daily: LGBTQ+ Travelers Prioritize Safety When Booking Trips

As a Booking.com survey shows, the travel industry has far to go before it can truly claim inclusivity and a travel economy that values LGBTQ+ travelers.

Peden Doma Bhutia and Amrita Ghosh, Skift | 1 year ago

India Daily: LGBTQ+ Travelers Prioritize Safety When Booking Trips

Tourism

India Daily: Airline Leasing Watchdog Cites Country’s Repossession Compliance Failure

While a surge in air traffic in the world’s third-largest aviation market led to record jet orders, Go First's bankruptcy made lessors apprehensive about India.

Amrita Ghosh | 1 year ago

India Daily: Airline Leasing Watchdog Cites Country’s Repossession Compliance Failure

Airlines

India Daily: Go First Airline Gets Bankruptcy Protection

The decision may save Go First. But it's aggravating for foreign partners who have leased aircraft to the carrier. Plus, more news from our daily roundup.

Amrita Ghosh | 1 year ago

India Daily: Go First Airline Gets Bankruptcy Protection