BBG: IAG gets EU warning shot over €400m Air Europa deal
BLOOMBERG reports: IAG SA’s €400 million ($428 million) takeover of Air Europa risks being derailed for a second ...
BLOOMBERG reports:
Western Global Airlines filed for bankruptcy protection with plans to slash its debt load after the cargo airline faced a cash crunch.
The airline listed assets of as much as $500 million and debt of as much as $1 billion in a Chapter 11 petition filed in Delaware. The filing allows Western Global to keep operating while it seeks court approval of a restructuring plan that will ease its debt burden by more than $450 million, according to a statement.
Western Global, based in Estero, Florida, provides air cargo services to airlines, logistics companies and the US military…
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