Bankruptcy Filing from Electric Vehicle Startup
Fisker, the American electric vehicle (EV) manufacturer, has filed for bankruptcy protection following the breakdown of negotiations with a major automaker, leading to challenges stemming from significant cash depletion in…
WeWork has filed for bankruptcy in the US, a move that follows years of struggle for the co-working company.
The firm reported liabilities of $10bn to $50bn (£40.5bn), according to a bankruptcy filing in the New Jersey federal court. The filing gives WeWork legal protection from its creditors and…
Thai AirAsia X has its rehabilitation plan ready for April
By the end of the next month, Thai AirAsia X plans to implement its rehabilitation strategy. Tassapon Bijleveld, the chief executive officer of Thai AirAsia, has stated that talks with…
Thai Airways plans return to its former greatness
National carrier Thai Airways International (THAI) is aiming to make a comeback and reach a top 10 global airline ranking. THAI filed for bankruptcy protection in May 2020 at the…