Airline Closures

Tag Archives for Airline Closures.

Belle Air Belly Up

Belle Air and their subsidiary Belle Air Europe have both ceased operations at the end of November. Belle Air (code LZ) based in Tirana, Albania shut down on November 25, stranding hundreds of passengers. Prior to closure, they flew passengers to destinations across Belgium, Egypt, Germany, Greece, Italy, Kosovo, Switzerland and the UK. In a message on its website, Belle Air stated: “Following eight years of successful operations from Albania towards European destinations, Belle Air is obliged to temporarily suspend its operations due to the general economic situation, the decline of the purchasing power, recession…

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Etihad takes on JAT

The four key middle Eastern carriers have developed very different expansion strategies: 1. Emiraes have largely gone it alone with only one major partnership: Qantas 2. Qatar are joining One World alliance 3. Turkish have used their bridge between Asia and Europe 4. Etihad are expanding via equity stakes in other airlines Now Etihad have taken on the Serbian airline JATAirways which will be renamed Air Serbia on October 1. Etihad have: acquired 49 per cent of JAT-the Serbian government owns 51pc matched a $US40 million cash injection by the government agreed to put another…

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