Air Berlin, Germany's second-largest airline, filed for bankruptcy protection on Tuesday after key shareholder Etihad Airways withdrew funding following years of losses, leaving valuable runway slots up for grabs. The move offers Lufthansa and rivals a chance to acquire slots at airports such as Berlin ...
Air bag maker Takata Corp., facing an estimated ¥1.7 trillion in liabilities, looks to restructure under the sponsorship of a U.S.-based and Chinese-owned company.
The expected bankruptcy of troubled air bag maker Takata Corp. isn’t just a crisis for its employees and suppliers — it also throws a wild card into one of the most complicated recalls in automotive history.
Beleaguered air bag maker Takata, buried under liability claims linked to its defective inflators, is about to file for bankruptcy, sources say.
The governor of Puerto Rico announced Wednesday that the U.S. territory would seek a form of bankruptcy protection to restructure its $70 billion debt, the largest municipal restructuring in U.S. history. By declaring bankruptcy, the territory can prevent any interruption in services to island inhabitants, ...
On March 27, discount travel company Tellmeclub filed for bankruptcy while a number of its Japanese customers were still overseas on package tours. Owing to the way its trips are paid for, these tourists still had valid return plane tickets but would have to pay ...
The troubled Osaka school operator at the center of national political scrutiny applied for protection from creditors on Friday via court-mediated rehabilitation. The links alleged between nationalism-espousing school firm Moritomo Gakuen and Prime Minister Shinzo Abe and his wife, Akie, who promoted it, have been ...
The number of business failures of Japanese companies with debts of at least ¥10 million fell to a 26-year low in fiscal 2016, according to credit research agency Tokyo Shoko Research. The agency said Monday that the number of corporate bankruptcies over the year to ...
Tokyo-based travel agency Tellmeclub filed for bankruptcy with the Tokyo District Court on Monday with liabilities estimated at ¥15.1 billion, including ¥9.9 billion relating to 36,000 travel contracts. Tellmeclub is now set to be liquidated, with about 80 employees to eventually lose their jobs, company ...
Struggling Japanese electronics and machinery giant Toshiba Corp. is accelerating a study on the possibility of filing for so-called Chapter 11 bankruptcy protection for its U.S. nuclear power plant unit, Westinghouse Electric Co., sources said. Toshiba has dispatched a team to the United States for ...
Supreme Court records show that there were 64,637 filings for personal bankruptcy in 2016, an increase of 781 cases over 2015, thus marking the first increase in 13 years. The number of personal bankruptcies peaked in 2003 at almost 250,000 nationwide. The reason for the ...
Toshiba Corp. will explore Chapter 11 bankruptcy for U.S. nuclear power unit Westinghouse Electric Co. among options to rebuild the business while using proceeds from the sale of its mainstay chip business to continue operating it, sources close to the matter said Friday. Toshiba said ...
