Over 50 carriers failed in 2015. Many of them, frankly won’t be missed. I have flown none of them (and in some cases it seems no one else flew them either!). There were some very long standing airlines that went under and a couple that lasted just a short time including one that had planes in the air for under month. Man dream of being a Richard Branson but for every successful startup there are hundreds of shuttered dreams. To survive, I believe an airline needs to have seven things: A demonstrated diversified real market. “build it…
Bankruptcy
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Pinnacle Air Reorganised
There have been so many airline bankruptcies this year that I am struggling to keep up! These bankruptcies mean a lot of disruption, a lot of passenger inconvenience and many staff job losses. It is concerning that so many have gone this year, already. Of course, India’s Kingfisher is teetering and may not last much longer. The poor economy and rising oil prices are squeezing airlines further. Some collapses also reflect poor managerial decisions. Now to April. On the 2nd, Pinnacle airlines filed for Chapter 11 Bankruptcy protection. In Chapter 11, the debtor remains in control of its business operations and…
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