Last week’s market and bankruptcies review and future profitable industries

Despite last year’s generally appalling financial results for most airlines, it did seem that some were going to continue to operate, and that the financial aid distributed by various governments might spare some smaller airlines. But now, whatever the revenue of the airline and whichever market it is serving (apart from Asian airlines), the slow […]

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The Czech Republic’s flag carrier has filed for bankruptcy

The Czech Republic’s flag carrier, CSA (which stands for České Aerolinie), has filed for bankruptcy under the country’s Insolvency Act (Act N° 182 or 2006), which as of 2013, offers a debt discharge program. This Insolvency Act is used for 3 types of insolvency proceedings: those of bankruptcy, reorganisation and debt relief. Prior to filing […]

La Nova: another Swiss start-up?

After Air Ticino, which has not yet started operations, could Geneva-based start-up La Nova be the solution to a rather poor last decade for the Swiss aviation industry? This year, we saw Swiss start-up Fly Bair begin operations this July, but it’s main route network, which consisted of flights from Swiss capital Bern to different […]

Ernest Airlines has been declared bankrupt

An Italian court has declared that Italian low-cost carrier Ernest Airlines is bankrupt. The airline suspended operations in January this year but announced in August that it had plans to restart operations. It was supposed to restart operations in December with a fleet of ATR 72s. Founded in 2016, the Milan-based airline operated flights within […]

Air Serbia takes delivery of former Adria Airways aircraft

Air Serbia has taken delivery of 2 former Airbus A319s which belonged to Adria Airways (the former Slovenian flag carrier, which ceased operations in September 2019). The 2 aircraft, YU-APL and YU-APM, were sent to Carlyle Aviation Partners (an American aircraft asset management company) in October 2019 and were susbsequently stored at Castellon Costa Azahar […]

Ryanair could close its Cork and Shannon bases

Ryanair has announced that it will close its Cork and Shannon bases on the 26th of October if the Irish government fails to adopt the EU Travel List allowing flights to and from Green and Amber areas (areas that are not or partially affected by the coronavirus) to take place without restrictions. The LCC has […]

Aer Lingus Regional has begun its Manchester-Belfast City service

Aer Lingus Regional has begun its new Manchester-Belfast City service today. The airline will operate 4 daily return flights from Manchester to Belfast, with fares starting from $29.99, taxes included. Last month, Aer Lingus Regional officially opened its base at George Best Belfast City Airport, and is now flying to Birmingham, Edinburgh, Exeter and Manchester […]

New German start-up: Lübeck Air

A new German start-up, Lübeck Air, will be starting operations next week. As its name indicates, the airline will be based at Lübeck Airport. Lübeck Air is actually a brand name for Danish charter airline Air Alsie, who will be operating from Lübeck Airport under the name of Lübeck Air. Lübeck Air will be beginning […]

Eastern Airways takes delivery of its 1st Embraer E190

British regional carrier Eastern Airways (which has its headquarters in Humberside, England) has taken delivery of its 1st Embraer E190 out of 3. The aircraft was previously operated by Air Moldova. Eastern Airways is planning to expand its network to the ad-hoc charter and ACMI provider markets. The airline already operates 1 Embraer E170 as […]

ATR to cut production by 50%

ATR, a French-Italian airplane manufacturer, has announced that it is going to cut its regional airliner production by 50%. On top of this, ATR has also decided to get rid of 204 employees. This does not come as a surprise, because it only delivered 67 planes last year. Airbus and Boeing have also suffered from […]