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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
JUST IN | XL Airways goes into liquidation

The Commercial Court of Bobigny rejected the unique offer of takeover for XL Airways that was submitted at the last minute. The liquidation of the airline has been pronounced....


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....


Rytis Beresnevicius
XL Airways suspends flights; France points finger at Norwegian

As XL Airways is temporarily suspending its operations, one French politician has found the culprit responsible for the airlines' struggles:...


Rytis Beresnevicius
XL Airways was destined to fail

As XL Airways stops selling tickets due to "financial difficulties", the destiny was already written in the stars for the low-cost long-haul carrier:...