Vistara

Each year, I reflect on the airlines we lost over the past 12 months. While I much prefer writing about thriving airlines, examining closures offers insight into the industry’s harsh realities. Most airlines that ceased operations in the past year were small-scale ventures. Some, like ČSA Czech Airlines, LIAT, and Air Malta, carried historic names and legacies, while others were new players with big ambitions. Several carriers sought to disrupt markets or introduce unique business models. For instance, HumoAir dreamed of connecting 60 destinations within a year, and Bonza promised affordable airfares tailored to Australians.…

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