[ad_1] By Andreas Rinke, Neil Jerome Morales BERLIN/MANILA (Reuters) – Germany’s opposition called on Monday for a parliamentary inquiry into the collapse of payments firm Wirecard after a global fraud…
Tag: Corporate Bankruptcy / Insolvency
Financially distressed Aeromexico gets $50 million lifeline
[ad_1] FILE PHOTO: A logo of Aeromexico is pictured inside Benito Juarez international airport in Mexico City, Mexico July 31, 2018. REUTERS/Carlos Jasso MEXICO CITY (Reuters) – Mexican airline Aeromexico…
Virgin Australia bondholders withdraw plans for proposal to rival Bain Capital deal
[ad_1] FILE PHOTO: Virgin planes are parked next to each other at Kingsford Smith airport in Sydney August 30, 2013. REUTERS/Daniel Munoz SYDNEY (Reuters) – Virgin Australia Holdings Ltd VAH.AX…
Creditors of Kenyan supermarket chain Nakumatt to vote on winding it up
[ad_1] NAIROBI, Jan 7 (Reuters) – Creditors of Kenya’s Nakumatt supermarket chain, once a leading regional retailer, met on Tuesday to vote on whether to wind it up over an…
U.S. bankruptcy court approves airline Avianca’s financing plan
[ad_1] FILE PHOTO: An airport employee waves a Salvadoran flag in front of an Avianca Airlines aricraft before the reopening ceremony at the Mons. Oscar Arnulfo Romero International Airport, as…
Airline SAS secures more debt holder support for key part of rescue deal
[ad_1] STOCKHOLM (Reuters) – Airline SAS SAS.ST said on Friday it had secured the support of more of its debt holders after revising conversion terms for a key part of…
Philip Green’s Arcadia fights for survival after COVID-19 hit
[ad_1] LONDON (Reuters) – Retail magnate Philip Green’s Arcadia, which owns Topshop and many other British fashion brands, said it was working on a number of options to secure its…