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Friday, October 17 2025

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. "…

Friday, October 17 2025

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…

Friday, October 17 2025

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…