Brazil's Voepass Faces Bankruptcy After Crash and Regulatory Clampdown

It is the third insolvency proceedings within a few years. The Brazilian airline Voepass is again broke after a fatal crash.

Brazil's Voepass Faces Bankruptcy After Crash and Regulatory Clampdown

Brazil’s Voepass Linhas Aéreas, the country’s fourth-largest airline, filed for bankruptcy protection this week after a series of events crippled its finances and operations. Court documents confirm the regional carrier’s total debt stands at over R$209 million. The airline, which operated just six aircraft and served 15 destinations, now faces an uncertain future after a […]

Brazil’s VoePass files for bankruptcy, blames LATAM

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Last Wednesday (23), the airline Voepass filed a request for judicial reorganization in the São Paulo courts. This request comes eight months after a tragic accident in Vinhedo, which resulted in the death of 62 people, profoundly shaking the company and the airline sector. The request for judicial reorganization reveals a debt of R$ 209 million, but when including debts out of the process, the liabilities amount to R$ 420 million. Voepass attri…

The Brazilian regional airline Voepass should be under the protection of the bankruptcy law as early as this week, citing in particular the largest South American airline, LATAM Airlines, as the "principal responsible" for its financial crisis. This decision comes after two months of unsuccessful negotiations with creditors while Voepass experienced a dramatic crash (62 dead) in August last year. At the heart of the crisis is the company's fragi…

Regional carrier Voepass files for bankruptcy

Voepass filed for bankruptcy protection on Tuesday in Brazil. The regional airline is seeking protection from its creditors… The post Regional carrier Voepass files for bankruptcy appeared first on Air Data News.