Court ruling brings Insel Air closer to bankruptcy
PHILIPSBURG – InterCaribbean has to provide a $500,000 bank guarantee for Insel Air, the Court in first Instance ruled on Thursday. But Insel cannot touch that money until the court has ruled in a regular More...
Insel Air on the verge of bankruptcy
PHILIPSBURG – Troubled airline Insel Air came one step closer to bankruptcy this week after the Court in First Instance withheld its approval of the so-called homologation agreement with its creditors. Intercaribbean, More...