Emerging with what it describes as a solid financial position, Chile-based airline holding company LATAM Airlines Group has completed its financial restructuring process in the US and exited Chapter 11 bankruptcy proceedings. LATAM was one of the three major carriers in the Latin American region to file for a bankruptcy process in the US to…
The Citys top restructuring firms are preparing for an uptick in activity next year as higher interest rates push moribund businesses into insolvency. FRP Advisory and Begbies Traynor have both forecast an uplift in revenue after Christmas as the recession picks up pace and executives are forced to address weaknesses in their company balance sheets.…
Finnair has extended the period over which it will repay a largely state-guaranteed loan, as it seeks to shore-up its financial position amid the business restructuring prompted by its exclusion from Russian airspace. The agreement relates to a 600 million ($633 million) loan from a pension fund 540 million of which was guaranteed by the…
Boutique business advisory, restructuring and investment practice firm Resolve has been awarded corporate restructuring firm of the year at the Turnaround, Restructuring and Insolvency (TRI) Awards 2022 for the third year in a row. Resolve stated that the combination of economic and political headwinds have made this anunprecedentedly challenging year for small to medium sized…
Struggling online fashion retailerAsosPlc and its lenders are discussing whether to hire a restructuring expert following the departure of its chief financial officer. A number of turnaround professionals held informal talks about a role, which would sit below executive level, but no decision has been made, according to people familiar with the matter. Asoss lenders…
Financially beleaguered Sapura Energy is battling hard to retain its status as a top flight Malaysian contractor to the oil and gas sector but the company admits to facing challenges in rebuilding its order book. Sapura said that is facing a drawback in efforts to rebuild its order book, given the limited access to bank…
Financially beleaguered Sapura Energy is battling hard to retain its status as a top flight Malaysian contractor to the oil and gas sector but the company admits to facing challenges in rebuilding its order book. Sapura said that is facing a drawback in efforts to rebuild its order book, given the limited access to bank…
Financially beleaguered Sapura Energy is battling hard to retain its status as a top flight Malaysian contractor to the oil and gas sector but the company admits to facing challenges in rebuilding its order book. Sapura said that is facing a drawback in efforts to rebuild its order book, given the limited access to bank…
Financially beleaguered Sapura Energy is battling hard to retain its status as a top flight Malaysian contractor to the oil and gas sector but the company admits to facing challenges in rebuilding its order book. Sapura said that is facing a drawback in efforts to rebuild its order book, given the limited access to bank…
Financially beleaguered Sapura Energy is battling hard to retain its status as a top flight Malaysian contractor to the oil and gas sector but the company admits to facing challenges in rebuilding its order book. Sapura said that is facing a drawback in efforts to rebuild its order book, given the limited access to bank…