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Creditors can't sue AirAsia X for another 9 months, says Malaysia court

Reuters
Posted at Jun 18 03:03 PM

The Malaysian high court has granted AirAsia X Bhd a nine-month extension on a restraining order which prevents creditors from filing any legal proceedings against it, the airline said in a stock exchange filing.   Read more »

PAL operator incurs P73 billion loss in 2020, airline to undergo restructuring

ABS-CBN News
Updated as of Jun 17 11:44 AM

Philippine Airlines Holdings Inc said Thursday it incurred a net comprehensive loss of P73 billion for the year 2020 reflecting the “extraordinary impact” of the COVID-19 pandemic on operations of subsidiary Philippine Airlines. Read more »

Malaysia's AirAsia X gets shareholder go-ahead for restructuring plan

Liz Lee, Reuters
Posted at Jun 02 11:13 AM

AirAsia X Bhd shareholders have approved the Malaysian budget airline's debt restructuring, it said on Tuesday, allowing it to pursue a scheme it viewed as key to survival. Read more »

Alok ng Pag-IBIG: loan restructuring, pagpapaliban ng dagdag-kontribusyon

ABS-CBN News
Updated as of Nov 30 02:53 PM

Umaapela ang Pag-IBIG sa mga nag-housing loan na di nakakabayad: mag-apply ng housing loan restructuring program. Read more »

Lufthansa warns of further restructuring costs in Q4

Reuters
Posted at Nov 05 03:03 PM

Lufthansa on Thursday said it booked a net loss of 2 billion euros ($2.35 billion) in the third quarter due to the pandemic-related slump in travelling and said further restructuring measures would weigh on fourth-quarter figures.  Read more »

AIG names new CEO, breaks up its insurance business

Agence France-Presse
Posted at Oct 27 08:42 AM

Global insurer AIG announced a multi-part shake up on Monday, naming a new CEO and splitting its business in two.   Read more »

Cathay Pacific to cut 5,900 jobs, end Cathay Dragon brand due to pandemic

Jaime Freed, Reuters
Posted at Oct 21 08:28 AM

Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it would cut 5,900 jobs and end its regional Cathay Dragon brand as it grapples with a plunge in demand from the coronavirus pandemic. Read more »

Malaysia Airlines boss says will have to shut down if restructuring plan fails

Joseph Sipalan and Anshuman Daga, Reuters
Posted at Oct 12 09:36 AM

Malaysia Airlines will have to shut down if its lessors decide not to back its latest restructuring plan, the chief executive of the airline's parent group was quoted as saying on Saturday.   Read more »

Pag-IBIG itinutulak ang special housing loan restructuring program sa gitna ng pandemya

ABS-CBN News
Posted at Sep 25 12:30 PM

MAYNILA— Itutulak ng Pag-IBIG Fund sa board nito Biyernes na maaprubahan ang special housing loan restructuring program para maibsan ang hirap ng mga borrower nito dala ng COVID-19 pandemic. Read more »

Pag-IBIG may 'loan restructuring' para sa mga miyembrong sapul ng pandemya

ABS-CBN News
Posted at Sep 24 06:41 PM

Mag-aalok ng 'special loan restructuring' ang Pag-IBIG sa mga hindi nakakabayad dahil sa COVID-19 pandemic.  Read more »

Heavily indebted Thai Airways gets court nod for restructuring

Agence France-Presse
Posted at Sep 14 03:18 PM

A Thailand court on Monday approved the restructuring of Thai Airways, which is billions of dollars in debt and struggling to survive the coronavirus tourism crash. Read more »

Lufthansa reports net loss of 2.1 billion euros in Q1

Agence France-Presse
Posted at Jun 03 02:52 PM

German airline giant Lufthansa said Wednesday it will undergo "far-reaching" restructuring as it posted a first-quarter net loss of 2.1 billion euros ($2.3 billion) on Wednesday, hammered by the coronavirus pandemic. Read more »

Virus-stricken Thai Airways goes to bankruptcy court

Agence France-Presse
Posted at May 21 08:19 AM

Thailand's cash-strapped national carrier will look to undergo a restructuring through the kingdom's bankruptcy court, premier Prayut Chan-O-Cha said Tuesday, as the stricken company is battered by the crash in tourism caused by the coronavirus.  Read more »

Bankers and lawyers prepare for spate of company rescues as coronavirus bites

Abhinav Ramnarayan and Karin Strohecker, Reuters
Posted at Mar 17 10:47 PM

Law firms and banks are scrambling to retrain senior staff in restructuring so they can help dozens of companies looking to raise emergency funds and rearrange debts as the coronavirus pandemic eats into corporate cash. Read more »