Reading Time: < 1 minute WOW air, the struggling Icelandic low-cost carrier, has announced ending its operations and encouraged passengers “to check available flights with other airlines”. WOW air, the Icelandic low-cost carrier, has been going through the hard times since autumn 2018. Reducing some destinations, fleet, number of employees, WOW air was looking for the ways to keep the […]
Reading Time: < 1 minute The Cypriot airline Cobalt Air has cancelled all its flights and indefinitely suspended operations, advising customers not to go to the airport. Cobalt failed to secure funding and was forced to announce the suspension of its operation at midnight Wednesday. The carrier’s website is now down and simply displays a message alerting users to its […]
Reading Time: < 1 minute The Saratov Airlines announces the cancellation of all flights from may 30, 2018, the report said on the airline’s website. The air operator certificate of Saratov Airlines has been annulled from Wednesday and the Transport Ministry is working on carrying the passengers of the failed airline, according to the Federal Air Transport Agency (Rosaviatsiya) statement. […]
Reading Time: < 1 minute Russia’s air carrier Saratov Airlines to suspend operation on May 31 following Federal Air Transport Agency (Rosaviatsia) notification. The carrier was asked to stop selling tickets to “prevent violations of passenger rights and the development of the crisis situation”. “On May 17, 2018 Saratov Airlines received a letter from Head of Transport Regulation Department of […]
Reading Time: < 1 minute US regional Great Lakes Airlines, which operates domestic scheduled and charter services, ceased scheduled passenger flight operations March 26. A change in regulations has resulted in a lack of pilots for the smaller airlines and led the company to shut down service, it said. Great Lakes Airlines began laying off employees and plans to sell […]
Reading Time: 2 minutes When Air Berlin, Germany’s second-largest airline, filed for bankruptcy protection, the stricken carrier was given a government bridging loan of €150 million (US$177 million) to keep it operational while a buyer, or buyers were sought. It was hoped that the carrier would prove more attractive if it remained operational and the loan was intended to […]
Reading Time: 2 minutes British leisure carrier Monarch Airlines ceased operations with immediate effect, leaving 110,000 customers stranded overseas and about 300,000 future bookings canceled. “We’re sorry to announce that Monarch has suspended flights and holidays,” the airline said on Twitter. Tough competition in the sector has been putting pressure on weaker European carriers and driving consolidation, with airberlin […]