Originally Posted by
Albert Hall
Can anyone actually think of a bankrupt airline relaunch which has gone well? I'm struggling to come up with one.
I can think of one. British Air Ferries went into administration in 1988 with debts of over £20 million and emerged a year later with new owners as the first British airline to do so. By 1990 BAF was recording a profit of over £1 million per year and continued profitably throughout much of the 1990s finally collapsing in 2001 in the aftermath of 9/11 as British World Airways.