The Graz based Austrian airline "Robin Hood" has declared bankruptcy today.
High startup costs, the general econimic crisis and discrimination from Austrian Airlines has lead to this decision, the CEO Georg Pmmer stated to the media in Graz.
The airline is currently NOT yet ceasing operations and the stakeholder of Robin Hood Aviation GmbH have decided to get an agreement with their creditors about the 2.2 Million Euros of debt.
The ailine currently connects the austrian cities Graz and Linz with Zurich, in summer 2009 they also operated from Klagenfurt.
Copyright Robin Hood Aviation
..after one week of Service, Source Airline Route Updates:
, UK’s new regional carrier, has suspended operation on Monday 08MAR10 at 1500 Local Time.
The airline only operated the service for 1 week, on Oxford – Edinburgh route.
On the airlines’ home page, it states:
The reason for this suspension is due to operational issues between Varsity Air Services Ltd and the airline and AOC holder who have been contracted to operate the Jetstream 31 type on our behalf and that was being used on the route. All further ticket sales have been suspended until further notice. All passengers effected by the suspension of service either have been or are currently being informed of the situation.
Today the Bratislava based Air Slovakia has (temporarily) ceased operations as the AOC (Air Operator Certificate) has bene temporarily been revoked due to financial difficulties of the airline.
The austrian newspaper "Die Presse" is reporting in their Wednesday edition, that the Airline has collected a multi million debt and that the Slovakian Authorities have demanded a complete financial audit before the AOC can be re-issued.
Air Slovakia has started in 1993 as Air Terrex Slovakia with two former Lufthansa Boeing 727-200, later they added Boeing 737 and 757 to their Fleet which finally consisted out of one B757-200, one B737-200 and four B737-300 aircraft.
The management of Air Slovakia is being sued due to the non payment of Salaries, Social Security fees and other business contracts not to be paid on time.
Regional Air Express, operator of one Cessna Citation Jet and five Fairchild Metroliners has been grounded with immediate effect.
The Business charter airlines based in Muenster/Osnabrueck has moved to FMO Airport in 2006, the RAE chairman Fabian Theiss confirmed with the local Newspaper „Ibbenbürener Volkszeitung“ that the airline actually is already grounded since the begin of 2010.
He did not want to give a statement about the reasons for grounding of Regional Air Express, in the end of December 2009 still 17 people worked for RAE.
Photo Copyright: Airteamimages.com
The former subsidiary of Frontier Airlines, Lynx Aviation is going to cease operations latest in autumn 2010.
This has been released by the mother company of Frontier Airlines and Lynx Aviation, Republic Airways Holding.
Lynx Aviation will cease operations in a planned and regular phase out of their operations until end of September.
Republic Aiways names, that the current fleet of 10 Bombardier Dash8-Q400 will not be able to operate profitable in the longer term, an announced in a press release of Republic Airways Holding.
The phase out will start in April with the retirement of the first 6 Q400 airplanes and will finish latest September 2010.All routes currently operated by Lynx Aviation will be overtaken by Republic Airways, which then plans to Operat Embraer 190 and Embrear 170 jets on these routes.
About 175 people will loose their jobs, but most of them will be offered new position within Republic Airways or Frontier Airlines.
The spanish based Quantum Air ceases operations with immediate effect.
The Airline has been founded in 1999 as "AeBal" as a joint venture of SPanair and the scandinavian SAS.
After the withdraw of Spanair, the Airline has been sold by SAS to the spanish investment group Proturin.
Quantum Air is stating the reason for the operations cease due to non kept contractual agreements of the former stakeholders SAS and of some internal management people.
Quantum Air was operator of 3 Boeing 717 and was busy in the spanish domestic market.
Japan Airlines (JAL) has declared bankruptcy as expected in the last weeks.
At the same time, the JAL CEO Haruka Nishimatsu has resigned from responsibilities of leading the bankrupt airline. JAL is still continueing to operate on all routes under government protection and supervision and it is planned to transfer the airline to the governmental ETIC agency, especially created to prevent a grounding of Japan Airlines.
JAL will now undergo a significant rebuild under the governmental supervision and it is planned to significantly reduce the size of fleet and international routes. Japan Airlines has been privatized in 1987 but never fullt able to gain positive revenue and it is currently having a debt of approximately 600 billion Euro with their creditors.
The Japan government has provided 4,6 billion Euro to recover and rebuild the airline in the next years, it is planned to reduce about 15.000 jobs while reorganization of JAL and it's subsidiaries.
How long will we still see these Birds in Amsterdam?
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The Cologne/Bonn based "Low-Cost" Air Taxi ceases operations before they were taken up.
The general economic situation and a withdraw of the main investor caused the new airline to collapse before take-off.
The Dusseldorf based operator Blue Wings has announced to cease operations with immediate effect.
This is already the 2nd operations stop for Blue Wings as their AOC was suspended between 31 - MAR 2010 and 04 - May 2009 due to financial problems.
Blue WIngs was operating with 7 Airbus A320-200 and had 20 Airbus A320-200 and 4 Airbus A321-200 with Airbus Industries on Order.
Welcome in my new Blog named Airline Closure.
I have found a similar Blog on blogspot, which is currently no longer maintained by the creator, but I thought it would be a nice idea to continue the work of my precessor @Blogspot in my own Blog and Website.
I will try to keep the News message as up-to date as possible and try to insert most of the closure news as soon as I get them from the web.
Of course I can not cover all closures in the world, so if you find something which is missing here, please give me a note, I will try to report this asapon my blog.