Leeham News and Analysis
There's more to real news than a news release.
There's more to real news than a news release.
Leeham News and Analysis
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HOTR: Five more airlines under court restructuring or ceasing operations
By the Leeham News Staff
Aug. 31, 2020, © Leeham News: The Smartwings Group is the latest airline to file for a court restructuring.
LNA’s monthly tracking of failed carriers adds Virgin Atlantic, EasyFly, Go2Sky, ExpressJet, and the Smartwings Group to the list of carriers in bankruptcy or court-supervised restructuring since COVID collapsed the global airline industry beginning in mid-March.
Among those five, Go2Sky and ExpressJet announced that they would cease operations. Virgin Atlantic won the support of its creditor for a court-supervised restructuring.
Could be interesting to see which Airlines are bailed out by the Goverment, by banks and by leasing companies. Most likely only a few can survive 2020 on their own cash and assets.
The short answer to that is :All the airlines
German Airways (WDL) only has 5 regional aircraft in its fleet, not 21.
And TAME ceased all operations in the end.
Hi GM,
Thanks for the info on TAME, I updated accordingly. The fleet count showed is at the time of filing. I clarified the table accordingly.
Should it be German Airways, or German Wings?
Hi, it is German Airways, which used to be named LGW. They just lost their contract with Lufthansa.