bankruptcy

It had been 35 years since a major American company ceased operations. The year 1991 had been particularly fatal for the airline sector in the United States with the disappearance of Eastern Airlines, a historic airline, and Midway Airways, a low-cost carrier. On May 2, 2026, Spirit Aviation Holdings, Inc., the parent company of Spirit Airlines, announced it was beginning "a..."

Flybe or not flybe? That's no longer the question since the British airline ceased operations. Before the covid crisis, Flybe was the UK's largest regional carrier. It was even the main carrier to Birmingham, Belfast City Airport, Exeter and Southampton. During its glory years, Flybe operated...

SAS Scandinavian Airlines has been feeling the pinch for a long time now. The company, whose shareholders are the governments of Denmark, Norway and Sweden, has been in a poor financial position for more than a decade. Its situation has been weakened by the Covid crisis, particularly with the fall in traffic to Asia....

The return of curfews and population reconfinements in an increasing number of European countries should result in a further slowdown in air traffic. And exacerbate the risk of insolvency for many regional airports in the coming months. This is the alarmist assessment of ACI-Europe, which predicts the disappearance of airports altogether...

The health crisis has claimed another victim. This time, it's not an airline that has gone bankrupt, but one of the leading business travel associations: ACTE. The association of business travel managers has just announced the end of its activities. The reason for the bankruptcy is not only the economic impact of Covid-19, but also the...

After less than two years in business, the health crisis has had the better of a new airline, the young Level Europe. The European low-cost airline, part of the IAG group, had set up its base at Vienna airport - a very attractive location for low-cost airlines - before opening a new base in Amsterdam. Its operations had ceased...

Brussels Airlines has been grounded since 21 March. And its financial situation is becoming more fragile by the day. The airline estimates its daily losses since the suspension of operations at one million euros. As a result, like other carriers, Brussels Airlines is looking for financial support. "The national carrier...

Covid-19 has claimed another victim in the airline industry, this time in Australian skies. Virgin Australia announced it on 21 April: the company is in suspension of payments and has placed itself under the supervision of four administrators from Deloitte. While this may not be reassuring for the airline's...

The British airline Flybe will go down in history as the first airborne victim of the coronavirus epidemic, with its disappearance at the beginning of March. Unfortunately, it will probably not be the only one. The International Air Transport Association (IATA), lobbies and other representatives of the industry are constantly reminding us that aviation is...

The message from the UK Civil Aviation Authority (CAA) on Twitter on Thursday morning was terse: "Flybe has gone into liquidation. All Flybe flights cancelled. Please do not travel to the airport as your Flybe flight will not be operational. For flights operated by franchise partners, passengers should contact their airline...

A surprising statement was made following Air Italy's shareholders' meeting on 11 February. At 2.30pm, a press release announced that Air Italy, formerly Meridiana, had gone into liquidation. When it was set up in February 2018, the future seemed to be looking bright for this a 49% company in the hands of the powerful Qatar Airways. The strategy...

For more than a decade now, South African Airways has suffered from "haphazard" management. The state-owned airline, plagued by scandals, has been exposed to strikes by its staff, the latest episode of which last November precipitated a situation of near-bankruptcy. Since 2004, no fewer than six CEOs have succeeded one another at the head of...

While the Cathay group is generally the first name that springs to mind when you think of air transport in Hong Kong - the airline carries 75% of the territory's passengers - another carrier has managed to carve out a place for itself in the metropolis over the last decade: Hong Kong Airlines. The company born...

The restructuring plan recently presented by the national carrier Ukraine International Airlines (UIA), which took effect in November, smacks of déjà vu. The country's main airline is on its last legs, and its new chairman, Evgeny Dykhne, announced at the end of October that he would be forced to...

With its limited domestic market, Ljubljana attracted few air carriers, giving Slovenia's national carrier, Adria Airways, a virtual monopoly. Of the 27 destinations served by Adria Airways, eleven have effectively disappeared. Only six routes were in competition with the national carrier, including Brussels, London and Paris. The disappearance of Adria represents...

A brief announcement on Monday evening, barely noticed: the Slovenian national airline Adria Airways announced that it was temporarily suspending its flights on Tuesday 24 and Wednesday 25 September. On Wednesday, the carrier explained that it would have to extend the suspension to this Thursday and Friday. A message on the Adria website explained that "the airline is currently...

Long-haul low-cost carrier XL Airways has suspended ticket sales from 19 September due to financial difficulties within the company. "For over a year, management has been negotiating with several buyers. These negotiations have been unsuccessful, and the company must now place itself under the protection of the Court...

With the suspension of Aigle Azur flights, one particularly important route for the French market has suddenly been deprived of a third of its seat capacity: the route between France and Algeria. According to the DGAC's annual statistics, traffic between the two countries accounted for 4,555,767 passengers in 2018, a figure...

How do you view the situation at Aigle Azur? Anne-Laure Hery - Aigle Azur is a great airline, the second largest in France, with a long history. But since the end of 2018, there have been a number of airline bankruptcies, which is quite worrying. In the case of Aigle Azur, it's not a case of bankruptcy...

"Aigle Azur reassures"... Ironically, this is the title of the latest press release published on the airline's social networks. The latest message was dated 8 August, and its content now seems to be completely out of sync with the French carrier's economic and social reality. Since then: radio silence. And in less than a month, the turbulence...