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European airline collapses since 2017

Posted By Tony Sanchez / Airlines / 0 Comments

October 1, 2019 Adria Airways is the latest in a string of airlines to have folded in the past few years, leaving thousands of passengers stranded in airports, with a knock-on effect on related industries such as hospitality. Here is a summary of European airlines that have gone bankrupt since 2017 (in chronological order): AIR […]

Investigators begin probe into Thomas Cook auditing

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October 1, 2019 Following the collapse of leisure company Thomas Cook, UK financial investigators have initiated a probe into the auditing of the Group’s last full-year financial statement Thomas Cook Group’s audit was carried out by EY which had secured the right to be the company’s external auditor in 2017. Thomas Cook Group’s audit committee […]

Air France-KLM CEO sees upside for French aviation in airline bankruptcies

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September 27, 2019 Air France-KLM  boss Ben Smith on Friday defended his decision not to fly to the aid of two collapsed French airlines, and said market consolidation would eventually benefit the country’s aviation industry and jobs. Air France last week withdrew a rescue bid for Aigle Azur and has since rebuffed overtures by XL […]

DHL and Ethiopian Airlines expand joint venture

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September 24, 2019 DHL Global Forwarding and Ethiopian Airlines plan to grow their joint venture, with Berhanu Kassa leading the company, DHL-Ethiopian Airlines Logistics Services. The former director of logistics services at Ethiopian Airlines has been named as general manager of the joint venture, taking over from Pramod Bagalwadi, CEO of DHL Global Forwarding Sub-Saharan […]

Forty aircraft recruited to repatriate Thomas Cook customers

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September 23, 2019 Leisure firm Thomas Cook’s collapse has triggered a huge repatriation effort to ensure that over 150,000 holidaymakers will be able to return. All Thomas Cook flights have been cancelled as a result of the firm’s failure. The UK Civil Aviation Authority says it has recruited about 40 aircraft for the programme – […]

LOT Polish Airlines launches direct flight between Budapest and Seoul

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September 23, 2019 LOT Polish Airlines has announced the launch of its first direct flight between Budapest and Seoul, which took off from Liszt Ferenc International Airport on Sunday. The aircraft, a Boeing 787 Dreamliner will arrive in the South Korean capital after about ten-and-a-half hours. Commenting at the launch, Dr. Rolf Schnitzler, CEO, Budapest […]

SpiceXpress takes delivery of first 737-800BCF

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September 23, 2019 SpiceJet’s cargo division, SpiceXpress has taken delivery of its first Boeing 737-800 Boeing Converted Freighter to better serve the region and open new routes. The 737-800BCF entered service last year and has an order book of 120 units, with 17 expected to be produced in 2019 to meet customer demand. The aircraft, […]

Air Canada adds new route connecting Montreal with Bogota

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September 20, 2019 Air Canada will start a new year-round service between Montreal and Bogota in Colombia on 2 June 2020, via its low-cost arm Air Canada Rouge. The connection will operate three times weekly from Montreal Trudeau Airport utilising a Boeing 767-300ER aircraft. Flights are timed to optimize connectivity to and from Air Canada’s […]

Wing Aviation and FedEx bring drones to Virginia

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September 20, 2019 Wing Aviation is collaborating with FedEx Express and Walgreens to offer drone delivery services in Christiansburg, Virginia from next month. The pilot programme will demonstrate the benefits of drone delivery to enhance last-mile delivery services, improve access to healthcare products and create a new growth opportunity for local businesses. FedEx customers who […]

Indonesia to publish final report on Lion Air crash in November

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September 18, 2019 The final report on the crash of a Lion Air Boeing 737 MAX jet that killed 189 people last year will be published in the first half of November, Indonesia’s civil aviation authority said on Wednesday. “The draft was already sent to the relevant parties on August 24, 2019,” KNKT spokesman Anggo […]