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News
USVI: Spirit Airlines Files for Chapter 11 Bankruptcy
VI CONSORTIUM
NEW YORK, New York, USA- Spirit Airlines, Inc., a prominent low-cost carrier with multiple weekly flights to the U.S. Virgin Islands, has officially filed for Chapter 11 bankruptcy in a New York court, listing assets and liabilities valued between $1 billion and $10 billion.
Spirit Airlines faces potential bankruptcy
VI CONSORTIUM
FREDERIKSTED, St Croix, USVI- Spirit Airlines has been facing severe financial difficulties, with shares dropping to an all-time low on Friday, October 4, 2024, following reports that the airline may seek Chapter 11 bankruptcy protection.
Liquidation of Digicel affiliate will not affect day to day operations- Digicel Group
HAMILTON, Bermuda- Digicel Group One Ltd, the telecommunications group’s Bermudian-based holding company, has gone into provisional liquidation in Bermuda.
UPDATE: Sacked Yates workers heading to Labour Dept. today
VALLEY, Virgin Gorda, VI – Determined to ensure that they get their deserved benefits after being sacked by Yates Associates Constructions Co. Ltd., a number of former employees say they are leading a delegation to the Labour Department today, Thursday December 12, 2013.
Scrub Island Resort reportedly bankrupt
ROAD TOWN, Tortola, VI - Reliable sources have informed Virgin Islands News Online that First Bank is currently the legal owner of Scrub Island Resort, which has allegedly found itself bankrupt.
VI Pension funding completely unsustainable – Doug Wheatley
ROAD TOWN, Tortola, VI – Social commentator Douglas Wheatley has expressed that the Territory’s current system of funding pensions is completely unsustainable and warned that if this continues, the VI may have to file for bankruptcy.
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