Faced with severe liquidity issues and $5.8 billion in debt, Swedish battery maker Northvolt AB and certain of its subsidiaries on Thursday have Read More
Global Business Magazine
November 19, 2024
As expected, the biggest ultra-low cost carrier Spirit Airlines became the first US major airline in the last 13 years to file for Read More
Business
Airlines
Bankruptcy
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World
Spirit Airlines Planning to File Bankruptcy Petition with SEC
Global Business Magazine
November 13, 2024
Spirit Airlines, the Florida-based ultra-low cost carrier, on Tuesday announced that it had filed a Form 12b-25 with the US Securities and Read More
Business
Bankruptcy
Companies
Regional
Transportation
World
Saudi’s EVTOL Plans Receive Jolt as Lilium Faces Insolvency
Global Business Magazine
October 28, 2024
Four after signing an agreement with Saudi Arabia’s Saudia Group to supply 50 Lilium jets, options for purchase of 50 more, Lilium, the Read More