Adria Airways is the latest in a string of airlines to have folded in the past f...
Hurt partly by a weakened pound, its finances deteriorated in 2016 after security concerns deterred travel to Tunisia, Turkey and Egypt and brought increased capacity on routes to Iberia.
The company, based at Luton Airport north of London and in business since 1968, became the largest British airline to go bust at the time, adding to turbulence in the European airline industry. [The Danish airline ceased operations on Oct. 1, 2018. Forced to cancel flights earlier that year, citing delays in receiving aircraft from Airbus, it later faced complaints about poor service and late refunds. [Germany's Germania declared bankruptcy on Feb.
It said its prospects had"been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and a lack of confidence around bmi's ability to continue flying between destinations in Europe." [Iceland’s WOW air became another budget airline casualty on March 28, 2019 after failed efforts to raise funds, which included merger talks with rival Icelandair.
WOW controlled a quarter of the fast-growing low-cost, long-haul transatlantic market in 2018. The airline's collapse negatively affected Iceland's economy, which was largely dependent on tourism. [
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Factbox: Major U.S. retail bankruptcies since 2017Forever 21 Inc on Sunday became the latest U.S. retailer to file for bankruptcy,...
Read more »
Factbox: Disputed isles at center of feud between Japan, South KoreaA South Korean fighter jet conducted a patrol flight over islands at the center ...
Read more »
Taiwan bridge collapse crushes fishing boats, some crew feared trappedA bridge collapsed into a harbor in northeastern Taiwan on Tuesday, crushing sev...
Read more »
Iraq reopens Syria crossing in win for mutual ally IranClose to Euphrates river in Iraq's restive Anbar province, Al Qaim crossing faces Al BuKamal in Syria's vast eastern region of Deir Ezzor and was recaptured from Daesh in November 2017.
Read more »
Virgil Abloh and His Army of Disruptors: How He Became the King of Social Media SuperinfluencersIn a new interview for W’s May issue, fashion’s canniest translator of youth culture talks Raf Simons, Kanye West’s legacy, and DJ’ing as a metaphor for his hyperlinked career.
Read more »
Strictly's Katya Jones' reaction to reuniting with Joe McFadden is the best – see it hereStrictly Come Dancing's Katya Jones' reaction to reuniting with former dance partner Joe McFadden is the best – see it here
Read more »