Archive for the '24' Category
Another airline casualty
Author: admin
In the last 3 months, the airline industry has seen 4 players going into receivership and have ceased to operate. After Oasis, Silverjet, Eos, Zoom Airlines has closed their doors on Thursday and all flights have been cancelled and their fleet condemned to stay on the ground. This airline was operating with 600 staff members. The increase of price in the oil and the current economic climate are the main reasons for this operations suspension, says their management team.
We wonder where all this is going to end. We are hearing that AirFrance/KLM is resuming negotiations with Iberia. Virgin Atlantic tries to protect itself from a possible merger between British Airways and American Airlines or Continental Airlines.
Does that also mean we are going to see more casualties in low cost airlines? Probably.
Source: Guillaume Thevenot
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