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Airline News


Thursday, October 30, 2008

Passengers stranded as budget airline collapses

Hundreds of passengers were stranded at a major holiday airport today after flights were cancelled following the financial collapse of Denmark-based budget carrier Sterling Airlines.

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Monday, April 28, 2008

Eos Airlines files bankruptcy

Eos Airlines, which offers business class flights between New York and London, said it has filed for Chapter 11 bankruptcy protection, becoming the latest carrier to fail in the face of record fuel prices and a softening economy.

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Thursday, April 10, 2008

Hong Kong airline goes bankrupt

Oasis Hong Kong Airlines, a long-haul budget carrier that tried to offer premium service and spacious seats at low prices, suddenly went into liquidation Wednesday and canceled all flights, the fourth budget carrier to halt operations in the past week and a half.

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Thursday, December 27, 2007

All business-class airline Maxjet declares bankruptcy

Maxjet, a two-year-old company that touted itself as the first low-fare business class airline, has declared bankruptcy due to rising fuel costs, its president said.

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Monday, April 30, 2007

Delta exits bankruptcy protection

Delta Air Lines emerged from bankruptcy protection on Monday after 19 months, with newly issued shares expected to begin regular trading from 3 May.

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Friday, April 06, 2007

FlyMe files for bankruptcy

FlyMe (Fly Me Sweden AB), low cost airline from Sweden, has filed for bankruptcy. The Gothenburg based airline announced that it would file for bankruptcy on 2 March 2007, and all flights have been cancelled.

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Tuesday, March 27, 2007

Delta sees end to bankruptcy woe

Delta Airlines has said that it expects to emerge from bankruptcy by late April and would operate with a profit this year.

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