Global airline cancels all flights in Chapter 7 liquidation plan

The archetypal hose liquidations of 2026 person already started emerging.

The archetypal hose to formally cease operations successful 2026 is Royal Air Philippines — the Manila-based charter and cargo hose much commonly referred to arsenic Royal Air received licensing to tally commercialized flights successful 2017 and rapidly expanded to planetary destinations similar Cambodia, China, South Korea, Hong Kong and Taiwan.

On Jan. 4, the hose confirmed that it was canceling each of its commercialized flights successful a concern that near betwixt 3,000 and 4,000 travelers with tickets booked betwixt until March 2026 having to question retired alternate question options. While the hose presently states that it is looking guardant to "welcoming you aboard soon," a agelong drawstring of recorded fiscal challenges makes immoderate script different than a full shutdown progressively unlikely.

A 2nd hose to unopen down wholly successful 2026 is Indian charter bearer Dove Airlines. As archetypal reported by section Insolvency Tracker, the hose that was founded successful 2007 retired of Kolkata has entered the voluntary liquidation process connected Jan. 5 aft aggregate attempts to crook its finances astir did not travel into effect.

The hose has not operated flights since 2022 erstwhile it mislaid its past Cessna CitationJet/CJ/M2 pitchy to creditors. In 2015, manufacturing institution Usha-Martin divested its 50% involvement successful the charter bearer owed to sustained fiscal losses.

Related: Another hose files for Chapter 7 bankruptcy, each flights canceled

The National Company Law Tribunal (NCLT) of India has kept the hose successful insolvency proceedings for years owed to efforts to find caller funders and crook its finances astir (the institution brought successful humble profits of ₹23.9 lakh oregon $2,600 USD for the 2024 fiscal year) but aft these failed to materialize the hose has chosen to participate voluntary liquidation proceedings nether the Insolvency and Bankruptcy Board of India (IBBI).

"At its peak, Dove Airlines operated arsenic a non-scheduled (charter) carrier, providing rider and cargo services utilizing determination craft similar the Dornier 228," Insolvency Tracker reports. "Despite ambitious mid-career plans to articulation the government’s UDAN strategy for determination connectivity, the hose remained plagued by fiscal stress, grounded fleets, and ineligible disputes with craft lessors."

• Spirit Airlines (Spirit Aviation Holdings, Inc.): Filed for Chapter 11 bankruptcy for the 2nd time on August 29,2025.

• Ravn Alaska: Ceased operations in August 2025 after earlier Chapter 11 proceedings; unopen down flights and folded into different operations such arsenic New Pacific.

• Corporate Air: Filed for Chapter 11 bankruptcy (restructuring) in September 2025 as portion of a planned sale, according to Bondoro.

• Play Airlines: The Reykjavik-based hose unopen down operations and entered involuntary bankruptcy in September 2025.

• Braathens Airlines:The hose was forced to record for bankruptcy and canceled each flights in September 2025.