It has operated some business-oriented routes on behalf of Lufthansa.Its been tough times for Swiss regional airlines: FlyBaboo, An airline that aimed to fill the void left by the demise of the old Cyprus Airways and make of Cyprus a major air hub. It got its license suspended in November 2019.An airline with a history of financial difficulties going back at least a decade. Regardless of short term peaks and troughs, the overarching outlook is that prices will continue to rise over the next five years. Distribution channels:

It also brought to an end the 178-year history of the famous UK tour operator.WOW Air was an Iceland based low-cost carrier.

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With a keen interest in route development, new aircraft, and loyalty, his extensive travels with airlines such as British Airways and Cathay Pacific has given him profound direct comprehension of industry matters. The Summer is a make or break time for airlines. Both of these airlines, separate entities operating under the Avianca brand, went bankrupt in June 2019.

Aigle Azur was formed in Paris in 1946.Several months before Thomas Cook’s problems, in February 2019, the smaller UK airline Flybmi faced bankruptcy. Published on

It was in financial difficulty from mid-2018 but In November 2019, plans were announced to re-launch as ‘PLAY’. Avianca Argentina was a much smaller operation based in Buenos Aires. Russian regional airline Saratov Airlines stopped flying in May after the crash of Flight 703 in February. Virgin Atlantic files petition for bankruptcy.

As a curiosity, it operated a fleet of two Chinese-made Xian MA60 aircraft.This one actually stopped flying a few months ago, but has been brought to my attention now. Distribution channels: It was a really short-lived startup, since it had been launched in 2018!This airline, flying mostly domestic routes in Kazakhstan, ends the year with all its fleet grounded and AOC suspended, following an air crash in late December. Fuel costs, increasing competition from low-cost carriers, and political uncertainty have all contributed to recent airline bankruptcies. This airline would again start with European operations, but with plans to soon investigate US routes. Sign in with your email Distribution channels: This Russian regional airline (based in the city of the same name) had ambitious growth plans and new aircraft on order when tragedy struck.

Distribution channels: However, the U.S. Bankruptcy Code and the Federal Rules of Bankruptcy Procedure are complex, affording companies different means of addressing their financial plights. When it comes to the suspension, it seems to be financially motivated, the authorities gave them some days to complete all the holidays-related traffic before grounding it. As we saw with both WOW Air and While it would be unkind to name names, there are a number of airlines both in Europe and elsewhere in the world who are limping from one day to the next right now. We have already seen this many times. Distribution channels: But, when something rocks the boat, they’ll struggle to absorb the impact.Oil prices remain volatile, despite currently being relatively low.

Despite the market’s amazing growth, it looks like it is tough being a full service airline in India.A really small airline operating Cessna Caravans out of Chiang Mai. Its small fleet (3 ATRs and 1 BAe 146) was painted in an eye-catching dark blue.A small Kenyan regional airline operating a mix of passenger and cargo flights. It served the Dutch Antilles and, previously quite a few destinations throughout the Caribbean and South America. But many of the difficulties in the industry remain. Forced to stop flying after failing regulatory inspectionsA small operator based in Thessaloniki. Once again, thanks to readers for pointing this one out!With all flights suspended as of May 24, it looks like the ending chapter for the Brazilian subsidiary of the Colombian airline group. Fuel costs are a significant expense for airlines, and the natural variation in the cost of this can make budgeting very tricky indeed.According to Statista, fuel costs constituted an average of 23.5% of airlines’ total expenses over the course of 2018. Some were well publicized, others just quietly slipped away. The economic structure of the airline industry may contribute to airline bankruptcies as well. Despite its name, it had not relation to LATAM (or its Brazilian component, the former TAM).

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We take a look at why, and what’s been happening to cause so many carriers to collapse.A huge number of airlines went out of business over the 2018-2019 financial year. Distribution channels: