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Headlines
Exploris Expeditions & Voyages Placed in Receivership in France
The latest tour operator to land in bankruptcy proceedings is the expedition cruise line Exploris Expeditions & Voyages. Based out of Nantes in France, the cruise operator was placed under receivership by a local judge. "…
Azul Calls for Investigation into TAP SGPS over Insolvency
The Brazilian airline Azul, which is owned by airline mogul David Neeleman, has called for a top-down investigation into the now defunct shell company TAP SGPS to work out why the company is bankrupt, why and where the money went…
Cost-Cutting vs Status Quo: Bidders Envision Starkly Different Futures for Citgo, Sources Say
An affiliate of Elliott Investment Management wants to cut costs at Venezuela-owned Citgo Petroleum while a unit of Gold Reserve would largely focus on maintaining the status quo, five sources told Reuters, as a lengthy auction…
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