Originally Posted by
Edgar Jessop
Sad to see another one bite the dust, and a bit surprising too, as this is usually the time of year the airlines dust off the winter blues with advance payments for the summer flights keeping them going until the next winter hibernation.
Bear in mind that the seasonality of the Canadian market is opposite to that in much of Europe, peak is in the winter, with high demand for flights away from the snow down to the Caribbean etc. In the summer Canadians tend to drive up to the lake for vacation time and there is less charter demand. For this reason there has long been a tradition of aircraft spending the winter in Canada and the summer with UK operators.
Originally Posted by Jonty
Rumor has it it was a subsidiary of Thomas Cook Group that put them under
Don't know about that, but it is normally not paying your bills that puts companies under. Thomas Cook has had aircraft on winter lease to Skyservice which have just been returned. If the lease payments had not been made for these, that's probably the reason.