The bankruptcy of WOW air has led to layoffs that number in the thousands. Unions and the government are rescuing some of these people.
Read More »Tag Archives: Bankruptcy
The end finally comes for WOW air
It is an inevitable collapse for the initially ambitious but long-troubled Icelandic airline, stranding thousands of passengers.
Read More »Germania shuts down permanently
An administrator says that discussions with several investors for various parts of the company ultimately led to nothing.
Read More »Loganair takes on Flybmi Nordic routes
Loganair, the Scottish sister carrier of Flybmi, which stopped flying at the weekend, will pick up its Oslo, Esbjerg and Stavanger services.
Read More »Germania stops flying, files for insolvency
The 40-year-old airline could not find €20 million in funding and recently admitted it could not pay staff salaries.
Read More »Former SAS supplier goes bankrupt
The Swiss carrier used to fly for a while for SAS on the Stavanger-Houston and Copenhagen-New York routes.
Read More »High oil prices, pressure on fares, rising capacity: a perfect storm?
Airlines going bankrupt or operating with critically low financial resources have hit the news. And now winter is coming...
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