This All-Airbus European Airline Just Filed For Chapter 11 Bankruptcy: What Next?

Eurowings, an all-airbus European airline owned by Lauda Air, has filed for insolvency proceedings under Chapter 11 in Germany. The company anticipates that its operational activities will proceed without interruption during this process. This restructuring aims to secure additional financing and streamline the business’s financial position. Lauda Airlines, which owns Eurowings, is seeking a new investor to support the airline's future. Legal counsel confirmed the filing occurred on July 26, 2023, at the Commercial Court of Insolvency Registry in Munich.