Norwegian low-cost airline Flyr will file for bankruptcy on Wednesday, it said tonight on its website. The carrier has been unsuccessful in raising new funding after its financial plan failed to attract investors. Flyr said on Monday that its liquidity…
UPDATE – Chances are slim that UK regional airline Flybe will be able to continue after it announced on January 28 that it has ceased all operations. Two curators are trying to find new investors, but their job seems most challenging.…
We have been tracking some key air travel markets and recoveries have been spotty. This reflects public health policies and vaccine rates. None of the curves in the chart should come as a surprise to anyone in commercial aviation. To…
Many years ago, African airlines dominated the skies of Africa. Gross mismanagement and corruption saw the end of promising airlines like Nigeria Airways, Ghana Airways, Air Afrique, and others that connected the continent. Worried by the situation, leaders in the…
Despite the huge funding of national airlines by African governments, it is distressing that African airlines deliver perpetual losses. While it can be understood why Emirates Airlines made its first loss in 33 years, it is difficult to understand the…