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Rytis Beresnevicius

Europe’s airline graveyard: carriers that went burst since 2019

While Flybe bankruptcy came as a surprise to many, the regional carrier is joining a list that is getting less and less surprising, as many more carriers have announced their bankruptcy since 2019....


Clement Charpentreau

Lufthansa negotiates stake in TAP Air Portugal

Lufthansa is reportedly engaged in negotiations to acquire a 45% stake in the airline TAP Air Portugal held by David Neeleman, its main private shareholder. To do so, the German carrier is said to have allied with United Airlines....


Clement Charpentreau

Aigle Azur time slots: Air France-KLM winner, Ryanair left out

Aigle Azur bankruptcy in September 2019 left a pool of over 12,000 flight slots up for grabs. The winners and losers of this fight for slots were revealed. While Air France-KLM, Wizz Air and Lufthansa took the best bites, Ryanair was left empty-handed....


Rytis Beresnevicius

Top 5 bankrupt airlines in 2019

While bankruptcies in the aviation industry is nothing new, 2019 saw several high-profile insolvency cases throughout the year, including such airlines as Jet Airways, WOW Air and Thomas Cook Airlines:...


Clement Charpentreau

XL Airways gets last-minute takeover offer

As the Commercial Court of Bobigny was about to put the last nail in XL Airways’ coffin, a new takeover offer emerged filed by Gérard Houa who previously tried to seize Aigle Azur, another bankrupt French carrier. The takeover would come with a €30 million investment....


Clement Charpentreau

Takeover rejected, Aigle Azur ceases activities

The Commercial Court of Evry has rejected all takeover offers for Aigle Azur. The activity of the second biggest French airline stops from September 27, 2019....


Clement Charpentreau

Aigle Azur, four offers left, no more Air France

Air France and the Dubreuil group did not submit any new takeover offer for Aigle Azur after the first one was rejected by the Commercial Court of Evry. Only four bids were filed....


Clement Charpentreau

Aigle Azur: 14 takeover offers, 13,000 passengers still stranded

At least fourteen offers to take over Aigle Azur were submitted before the deadline on September 9, 2019. As expected, one of them was from Air France. Meanwhile, 13,000 passengers of the company are still stranded....


Clement Charpentreau

Passengers stranded after Aigle Azur ceases operations

Aigle Azur will stop its operations from the evening of September 6, 2019. The second biggest French airline, which declared bankruptcy earlier this week, is now putting all hope in a buyout offer....


Clement Charpentreau

Aigle Azur files for bankruptcy, Air France, IAG expected to bid

After an eventful week, Aigle Azur filed for bankruptcy on September 2, 2019. The company is now waiting for potential buyouts, with the deadline for bids set to next week. Air France and IAG may compete to take over the second biggest French airline to obtain its precious slots....