U.S. Regional Carrier Republic Airways Enters Chapter 11

U.S. regional air carrier Republic Airways Holdings Inc. filed for bankruptcy protection after struggling with labor issues, The Wall Street Journal reports.

Spanish renewable-energy company Abengoa wants an extension to repay €500 million ($551.5 million) in bonds due next month. WSJ has the Daily Bankruptcy Review article here. Abengoa’s U.S. business filed for chapter 11 bankruptcy protection earlier this week.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

Private ambulance operator TransCare Corp., which is owned by private-equity mogul Lynn Tilton, filed for chapter 7 protection along with 10 affiliates, DBR reports via WSJ.

A Bloomberg video looks at what Puerto Rico can learn from Detroit’s bankruptcy.

DBR reports in WSJ on SunEdison Inc. defeating an injunction on its with TerraForm Power Inc.

Stephen J. Lubben writes in DealBook about sorting out Dodd-Frank’s treatment of failed broker-dealers.

The U.S. imposed a penalty on Florida-based Gibraltar Private Bank and Trust Co. on delays in reporting related to Scott Rothstein’s $1.2 billion-plus Ponzi scheme, Risk & Compliance reports (crossposted via Bankruptcy Beat).

San Bernardino, Calif., wants to leave bankruptcy by the end of the year, the Press-Enterprise reports.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa