The collapse of Transaer brings to mind the passing of the following airlines in my career span: British Eagle, Court Line, Channel, Invicta, Donaldson, Lloyd Intl. Templewood, Laker, Danair, Air Europe, Redcoat, Pelican, Scimitar, Anglo Cargo, IAC, Transmeridian, Tradewinds, Air Wales, Ambassador, Air Manchester, Nova, BIA, Imperial, Orion, Euro Direct, Debonair, Excalibur and I've missed a few. Carl Ichan, who used to own TWA, once said anyone investing their money in airline is a fool.
Anyone thinking of buying share in Easijet when it floats should think again.