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Ruta Burbaite
The many casualties of European airline industry

October has certainly not been a kind month for European aviation in the past few years. Nordic budget carrier Primera Air failed on the one-year anniversary of the collapse of British holiday airline Monarch, which occurred on October 2, 2017. Just recently, on October 17, 2018, Cyprus-based low-cost carrier Cobalt Air announced its closure. And now, Air Belgium might be considering shutting down as well.  ...


Clement Charpentreau
Primera Air ceases operations, leaves pax and crew stranded

Exactly a year after the collapse of UK's Monarch Airlines, another European carrier declared bankruptcy. Budget airline Primera Air announced the suspension of its operations on October 2, 2018. ...


Gediminas Ziemelis
At least 5 medium-size EU airlines to go bankrupt in 2018-2019

Europe conversely, has a vibrant variety in the airline industry with some countries boasting more than one prominent airline. But with the recent bankruptcy of three major European airlines - Alitalia, Air Berlin, and Monarch – there are signs of an impending large consolidation on the horizon similar to what occurred in the US....


Oleg Volkov
Monarch Airlines could compensate passengers with slot deal money

After the biggest UK airline collapse in years just a month ago, the administrator of the bankrupt Monarch Airlines has struck a deal with IAG over slots at Gatwick airport, valued at over €68 million....


Zivile Zalagenaite
IAG buys Monarch’s slots, increases presence at Gatwick by third

International Airlines Group (IAG), the owner of British Airways, is purchasing the London Gatwick airport slots from the administrator of the recently-bankrupt UK carrier Monarch Airlines....


Zivile Zalagenaite
Opinion: Private equity industry is becoming a spent force

The recent collapse of Monarch Airlines and the potential surrender of care home group Four Seasons to creditors may well be a sign of the times for the private equity industry. The sector is known for turning round companies, slashing costs, increasing cash flow and using debt to reduce tax and mitigate risk, but the model is now looking fragile....


Zivile Zalagenaite
Monarch collapse leaves €291M passenger compensations unaccounted

In the last few months, European aviation industry has been shaken by collapsing and failing airlines. Falling like dominoes, struggling carriers cannot keep up with arch rivalry, thus more and more announce bankruptcy. The latest Monarch Airlines collapse has hit approx. 860 thousand passengers with additional 110 thousand left waiting to be brought back home. According to EU 261 law that should be protecting European citizens, afflicted Monarch...


AeroTime Extra
Monarch Airlines Went Bankrupt and People Are Stranded

More than 110,000 passengers are stranded around Europe and the Middle East after Monarch Airlines ceased operations suddenly....