Western Global Airlines

Western Global Airlines Successfully Completes Financial Restructuring

Retrieved on: 
Monday, December 4, 2023
WGA, United States bankruptcy court, DIP, Weil, Gotshal & Manges, MD-11, Workforce, Unsecured creditor, Airport, FTI Consulting, Aircraft, Plan, Hearing, Court, Bankruptcy, Face, Boeing 747-400, Airline, Security (finance), Western Global Airlines

ESTERO, Fla., Dec. 4, 2023 /PRNewswire/ -- Western Global Airlines ("WGA" or the "Company"), a US FAA 121 certified long-haul wide-body cargo airline with worldwide coverage, announced today that the Company has successfully completed its comprehensive financial restructuring. The Company's Plan of Reorganization (the "Plan") was confirmed by the U.S. Bankruptcy Court for the District of Delaware after receiving overwhelming support by all voting classes of creditors and the unanimous support of the Official Committee of Unsecured Creditors. Under the Plan, WGA has materially reduced its debt by more than $460 million and infused significant new capital into the Company, while preserving its seasoned workforce and long-term relationships with customers and suppliers. 

Key Points: 
  • ESTERO, Fla., Dec. 4, 2023 /PRNewswire/ -- Western Global Airlines ("WGA" or the "Company"), a US FAA 121 certified long-haul wide-body cargo airline with worldwide coverage, announced today that the Company has successfully completed its comprehensive financial restructuring.
  • "As the Founder and CEO of Western Global Airlines, my top priority has always been to preserve the long-term viability of our Company and protect our people.
  • I look forward to sharing the Company's successes with our loyal employees and for Western Global to continue to serve as a critical partner for our customers.
  • For more information about Western Global Airlines' Chapter 11 case, including terms of the transactions consummated in connection with the Company's emergence, please visit https://cases.stretto.com/WGA or call the Company's hotline at 844.500.8484 (for toll-free U.S. and Canada calls) or 949.522.9797 (for tolled international calls).

Bankruptcy Filings up to the 3rd quarter of 2023 exceed total filings for 2021 and 2022

Retrieved on: 
Thursday, October 5, 2023
Diamond, Aircraft, Medicine, Envision Healthcare, Real estate, Yellow Corporation, Environment, Bed, YTD, Chapter 15, Title 11, United States Code, Moelis & Company, Jefferies Group, Diamond Sports Group, Mallinckrodt, FTI, A&M, Chapter 22, Investment company, Western Global Airlines, Chapter 33 (G.I. Bill of Rights), Currency crisis, Jefferies, Investment banking, Health care, Evercore, Bankruptcy, Guggenheim, McDermott Will & Emery, Data, Amyris, Adviser, Guggenheim Partners, Sale, Multimedia, Dundon, Quarter, Huntsman Corporation, Mace Head Atmospheric Research Station, National CineMedia, Construction, Cryptocurrency, Liability

BOSTON, Oct. 5, 2023 /PRNewswire-PRWeb/ -- According to Data compiled by New Generation Research's BankruptcyData, Bankruptcy Filings as of the end of the Quarter ended September 31, 2023, totaled 7518 year to date. This is the highest rate of bankruptcy since 2020, up sharply from last year. The total number of filings YTD in 2023 exceeds all filings for both 2021 and 2022, and is on a pace which rivals the activity of 2020, itself was a record year unequaled since the days of the Global Financial Crisis.

Key Points: 
  • BOSTON, Oct. 5, 2023 /PRNewswire-PRWeb/ -- According to Data compiled by New Generation Research's BankruptcyData , Bankruptcy Filings as of the end of the Quarter ended September 31, 2023, totaled 7518 year to date.
  • So far in 2023, there have been such filings versus 383 for all of 2022, an increase of over 70%, and there are still three months to go in 2023.
  • Also, the number of companies doing a round trip to Bankruptcy court among public and large private companies has risen markedly in 2023.
  • The pace of filings has been trending upwards during the course of the year as the graph below indicates.

Global Airlines and Laurent Perrier Announce MOU

Retrieved on: 
Monday, August 7, 2023
Taste, Partnership, American Express, Laurent-Perrier, Airline, Parliament, William Kettner, Air travel, Western Global Airlines, A380, Glass, Soho House, Hotel, Nightclub

Global Airlines, the world's newest airline, and Laurent Perrier, one of the world's most prestigious champagne brands, announces new partnership.

Key Points: 
  • Global Airlines, the world's newest airline, and Laurent Perrier, one of the world's most prestigious champagne brands, announces new partnership.
  • Laurent Perrier was the official champagne of the airlines "Welcome Onboard" event, held at Kettner's, Soho House, in London on July 27th.
  • London, Aug. 7, 2023 /PRNewswire/ -- From 2024, Laurent Perrier Champagne will be the premier champagne on all Global Airlines Transatlantic flights.
  • Laurent Perrier La Cuvée was the exclusive champagne of the airlines "Welcome Onboard" event on July 27th at Kettner's, Soho House.

Global Airlines and Laurent Perrier Announce MOU

Retrieved on: 
Monday, August 7, 2023
Taste, Partnership, American Express, Laurent-Perrier, Airline, Parliament, William Kettner, Air travel, Western Global Airlines, A380, Glass, Soho House, Hotel, Nightclub

Global Airlines, the world's newest airline, and Laurent Perrier, one of the world's most prestigious champagne brands, announces new partnership.

Key Points: 
  • Global Airlines, the world's newest airline, and Laurent Perrier, one of the world's most prestigious champagne brands, announces new partnership.
  • Laurent Perrier was the official champagne of the airlines "Welcome Onboard" event, held at Kettner's, Soho House, in London on July 27th.
  • London, Aug. 7, 2023 /PRNewswire/ -- From 2024, Laurent Perrier Champagne will be the premier champagne on all Global Airlines Transatlantic flights.
  • Laurent Perrier La Cuvée was the exclusive champagne of the airlines "Welcome Onboard" event on July 27th at Kettner's, Soho House.

Chairman of Avia Solutions Group Gediminas Ziemelis: The challenges of factory freighters compared to P2F

Retrieved on: 
Thursday, July 27, 2023
Aircraft, IATA, 747-400F, Maintenance, Atmosphere, FedEx, Transport Group, A350, DHL, COVID-19, Policy, Airline, Boeing 777, Lufthansa Cargo, EVA, Air France, CAPEX, Air Canada, Cargolux, SIA, Risk, Airbus, Growth, KPMG, Trade, MRO, Natural gas, Air cargo, China Airlines, Boeing, Etihad Airways, Western Global Airlines

This means air cargo, a notoriously cyclical sector, is once again entering a period of turbulence.

Key Points: 
  • This means air cargo, a notoriously cyclical sector, is once again entering a period of turbulence.
  • Airlines and air cargo providers are pursuing different strategies when it comes to building up their freighter fleets.
  • A number of factors are affecting the choice of purchasing either new freighters or P-to-F conversions.
  • That is why we are seeing significant growth in P-to-F conversions, while the delivery of new freight aircraft has stagnated.

Global Airlines agrees purchase of three more A380s and makes further senior appointments to Advisory Board

Retrieved on: 
Thursday, June 29, 2023
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LONDON, June 29, 2023 /PRNewswire/ -- Global Airlines, the world's newest long-haul airline, has announced that it has entered into an agreement to acquire a further three A380s.

Key Points: 
  • LONDON, June 29, 2023 /PRNewswire/ -- Global Airlines, the world's newest long-haul airline, has announced that it has entered into an agreement to acquire a further three A380s.
  • Global Airlines has also announced further appointments to its Advisory Board; Pierre Madrange and Ian Black.
  • James Asquith, Founder and CEO of Global Airlines, said, "We extend our warmest welcome to both Ian and Pierre to the Global Airlines' advisory board, where they will work closely with our team.
  • Pierre Madrange said, "I'm really pleased to be joining the Global Airlines Advisory Board.

Global Airlines agrees purchase of three more A380s and makes further senior appointments to Advisory Board

Retrieved on: 
Thursday, June 29, 2023
Advisory board, Boeing, NAVBLUE, Aviation, XL Airways, Airline, French Air and Space Force, Senior, Acquisition, Western Global Airlines, Madranges, Blood, A380, Air force, Pierre, Boeing 787 Dreamliner, Safety, Aircraft, Far East, Airbus

LONDON, June 29, 2023 /PRNewswire/ -- Global Airlines, the world's newest long-haul airline, has announced that it has entered into an agreement to acquire a further three A380s.

Key Points: 
  • LONDON, June 29, 2023 /PRNewswire/ -- Global Airlines, the world's newest long-haul airline, has announced that it has entered into an agreement to acquire a further three A380s.
  • Global Airlines has also announced further appointments to its Advisory Board; Pierre Madrange and Ian Black.
  • James Asquith, Founder and CEO of Global Airlines, said, "We extend our warmest welcome to both Ian and Pierre to the Global Airlines' advisory board, where they will work closely with our team.
  • Pierre Madrange said, "I'm really pleased to be joining the Global Airlines Advisory Board.

Former Rolls-Royce Chief Customer Officer and Senior easyJet Captain Appointed to Global Airlines Advisory Board

Retrieved on: 
Thursday, June 22, 2023
EasyJet, Advisory board, Rolls-Royce, Aviation, CCO, Senior, Fear of flying, Western Global Airlines, A380, NHS, Project Wingman, Management, Airline

LONDON, June 22, 2023 /PRNewswire/ -- Global Airlines, the world's newest long-haul airline, has announced two further appointments to its Advisory Board: Jacqueline Sutton MBE and Emma Henderson MBE.

Key Points: 
  • Jacqueline Sutton held the position of Chief Customer Officer (CCO) at Rolls-Royce Civil Aerospace.
  • Emma Henderson is a former easyJet Captain where she was a brand ambassador for the airline as well as a presenter of "Fear of flying."
  • James Asquith, Founder and CEO of Global Airlines, said, "We extend our warmest welcome to Emma Henderson and Jacqueline Sutton to the Global Airlines' advisory board, where they will work closely with our recently appointed chairman, Kevin Billings.
  • Jacqueline Sutton said, "It is an honour to be a part of the Global Airlines' Advisory Board.

Former Rolls-Royce Chief Customer Officer and Senior easyJet Captain Appointed to Global Airlines Advisory Board

Retrieved on: 
Thursday, June 22, 2023
EasyJet, Advisory board, Rolls-Royce, Aviation, CCO, Senior, Fear of flying, Western Global Airlines, A380, NHS, Project Wingman, Management, Airline

LONDON, June 22, 2023 /PRNewswire/ -- Global Airlines, the world's newest long-haul airline, has announced two further appointments to its Advisory Board: Jacqueline Sutton MBE and Emma Henderson MBE.

Key Points: 
  • Jacqueline Sutton held the position of Chief Customer Officer (CCO) at Rolls-Royce Civil Aerospace.
  • Emma Henderson is a former easyJet Captain where she was a brand ambassador for the airline as well as a presenter of "Fear of flying."
  • James Asquith, Founder and CEO of Global Airlines, said, "We extend our warmest welcome to Emma Henderson and Jacqueline Sutton to the Global Airlines' advisory board, where they will work closely with our recently appointed chairman, Kevin Billings.
  • Jacqueline Sutton said, "It is an honour to be a part of the Global Airlines' Advisory Board.

Former Emirates Captain Cees Van Dooren Becomes Latest Global Airlines Hire

Retrieved on: 
Thursday, June 15, 2023
Van Dooren, Aircraft, Western Global Airlines, A380, Knowledge, Airline, Emirates

Capt Cees Van Dooren appointed Global Airlines A380 Project Manager.

Key Points: 
  • Capt Cees Van Dooren appointed Global Airlines A380 Project Manager.
  • Van Dooren advising Global on a range of key strategic matters including A380 acquisitions and maintenance planning.
  • LONDON, June 15, 2023 /PRNewswire/ -- Global Airlines, the world's newest long-haul airline, has announced the appointment of Cees Van Dooren as its A380 Project Manager, to advise on all strategic matters related to the aircraft.
  • James Asquith, the Founder and CEO of Global Airlines, said, "As we continue to grow our team of aviation experts, we are delighted to welcome Captain Cees van Dooren to the Global Airlines family."