To most parts of the world Chapter 11 of the United States bankruptcy code is a strange concept, it allows a company to reorganise its debts, whilst continuing to trade and renegotiate new terms with those debtors.
The news this week of Spirit Airlines filing for Chapter 11 and its subsequent recovery strategy seems to have been well planned and discussed. Although there are some broader lessons to be learnt from this week’s events, the beginning of what happened goes back all the way to…
Approach Tours Takes Its All-Inclusive Model to the Water with New Cruise Portfolio
Leading senior Canadian travel operator Approach Tours has unveiled its new cruise portfolio, marking its expansion into ocean expedition and...
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