Posts Tagged ‘bankruptcy’
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JUST IN: Latam Airlines Files For Bankruptcy

Latam Airlines Group SA, Latin America’s largest air carrier, sought bankruptcy court protection in New York after the Covid-19 pandemic grounded flights across the region. The Chapter 11 petition allows Latam to keep operating while the Chilean carrier works out a plan to pay creditors and turn around the business. Latam, whose shareholders include Chile’s […]

ECONOMY: Nigeria on the Verge of Bankruptcy, Says Emir Sanusi

Emir of Kano, Alhaji Muhammad Sanusi II, on Tuesday declared that Nigeria was on the threshold of bankruptcy following unfavourable economic policies such as subsidising petroleum products and electricity tariffs. Sanusi who spoke during the ongoing 3rd National Treasury Workshop organised by the office of the Accountant General of the Federation at the Coronation Hall, […]