VOLARE in trouble?
Join Date: Dec 2000
Location: Manchester, England
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Not a good day all round for them (although as of this morning they were still operating flights).
Repossession flights so far (all to Bordeaux):
I-PEKE A320 from Malpensa
I-PEKF A320 from Orly
I-PEKG A320 from Bucharest
I-PEKH A320 from Barcelona
I-PEKI A320 from Prague
I-PEKL A320 from Bari
EI-CUQ A320 from Catania
Repossession flights so far (all to Bordeaux):
I-PEKE A320 from Malpensa
I-PEKF A320 from Orly
I-PEKG A320 from Bucharest
I-PEKH A320 from Barcelona
I-PEKI A320 from Prague
I-PEKL A320 from Bari
EI-CUQ A320 from Catania
Join Date: Sep 2003
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Have just heard that Volare have suspended operations for the weekend at least.
Good luck to all concerned.
http://www.repubblica.it/news/ired/u..._n_880321.html
A (rudimentary) English translation:
"No more flights and no more ticketing. Volare group suspended all its activities, as reported by
people near unions. All the aircraft will remain parked at various airports until further decisions from leasing companies."
Good luck to all concerned.
http://www.repubblica.it/news/ired/u..._n_880321.html
A (rudimentary) English translation:
"No more flights and no more ticketing. Volare group suspended all its activities, as reported by
people near unions. All the aircraft will remain parked at various airports until further decisions from leasing companies."
Join Date: Oct 2003
Location: Godzone
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Vicious business? Go back over the years of posts on this airline and you will see the many warning posts about the quality of management and the dubiousness of its owners. Staff working for such employers agreed to take the risks of associating with such people.
Volare collapses with huge debts, so lots of cash to pay back wages and forward ticket sales? Somehow I doubt it.
Another name joins the list of corporate scams in Italy. At this rate, people might think that there are no corporate regulators there.
Mind you at least Al Italia is now safe since there is now no replacement for it.
Pug
Associated Press
Indebted Volare Group Grounds Its Flights
11.19.2004, 02:11 PM
Italian low-cost carrier Volare Group, suffering from financial troubles, grounded its flights and suspended ticket sales on Friday, the company said.
The company posted a message on its Web site, www.volareweb.com, informing customers that as of Friday "all flights are canceled and sales suspended." It offered no further details. However, the company reportedly has financial debts estimated around euro250 million (US$326 million).
Volare Group is a holding company that includes both Volare Airlines SpA, which operates in Italy and Europe, and AirEurope SpA, which runs charter flights. Both companies were affected by the freeze.
In a statement, civil aviation body ENAC indicated it would make sure passengers would be reimbursed for canceled flights.
The group employs 1,400 people. Italy's Welfare Minister Roberto Maroni was expected to meet with unions on Saturday to discuss the crisis, the ANSA news agency said.
Volare collapses with huge debts, so lots of cash to pay back wages and forward ticket sales? Somehow I doubt it.
Another name joins the list of corporate scams in Italy. At this rate, people might think that there are no corporate regulators there.
Mind you at least Al Italia is now safe since there is now no replacement for it.
Pug
Associated Press
Indebted Volare Group Grounds Its Flights
11.19.2004, 02:11 PM
Italian low-cost carrier Volare Group, suffering from financial troubles, grounded its flights and suspended ticket sales on Friday, the company said.
The company posted a message on its Web site, www.volareweb.com, informing customers that as of Friday "all flights are canceled and sales suspended." It offered no further details. However, the company reportedly has financial debts estimated around euro250 million (US$326 million).
Volare Group is a holding company that includes both Volare Airlines SpA, which operates in Italy and Europe, and AirEurope SpA, which runs charter flights. Both companies were affected by the freeze.
In a statement, civil aviation body ENAC indicated it would make sure passengers would be reimbursed for canceled flights.
The group employs 1,400 people. Italy's Welfare Minister Roberto Maroni was expected to meet with unions on Saturday to discuss the crisis, the ANSA news agency said.
Join Date: Dec 2003
Location: Tarascon - France
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The same management has already the next airline in the starting-blocks -Myair.
One can predict a fast crash,considering the track-record of owners and prices offered !
http://web3.myair.com/docs/cust/it/index.shtml
One can predict a fast crash,considering the track-record of owners and prices offered !
http://web3.myair.com/docs/cust/it/index.shtml
Volare did a flight from LBA yesterday. As the aircraft (A321) trundled past my office I saw the words "operated by LTE" on the fuselage. Not sure what the connection between the two companies is - anyone care to enlighten me 
Whoever they are, they've been doing Arrecife and Tenerife flights (I think) on Thursday and Friday instead of the traditional Iberworld jobs. Be interesting to see what becomes of these flights if they have gone down the Swanee.
Whoever they are, they've been doing Arrecife and Tenerife flights (I think) on Thursday and Friday instead of the traditional Iberworld jobs. Be interesting to see what becomes of these flights if they have gone down the Swanee.
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What you probably saw yesterday, Mooncrest, was an aircraft from Spanish Charter airline Volar, who are an long-established operation that used to operate under the name of LTE. They used to be a susidiary of German operator LTU; I'm not sure if that is still the case.
Volare are a different outfit.
fmgs
Volare are a different outfit.
fmgs
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Well perhaps i can shed some information concerning ``volar operated by LTE´´ but excuse my English as it is not my mother tongue. LTE was originally set up by LTU and after a long relationship of some 15 years where LTE would exclusively fly with a fleet of 3 757´s for LTU between the Balearics, Canaries and Germany for LTU the intention of LTU was to close it down amidst a series of cutbacks when things went wrong in the DUS based airline. In the end the cheaper option was to sell it to various businessmen of which one was at the time the commercial director of Volare (italy). The 3 757´s where returned to the leasing company and 6 320/1 where leased and painted with a borrowed logo that Volare never used. The airline still operates as LTE in order to avoid the expense of changing the AOC and uses the commercial name of Volar because LTU wouldn’t allow it otherwise. So as it stands right now, Volar (spain) is not related directly to Volare (italy) although I wouldn’t be able to speculate as to where the money to keep it alive came from. I know Volar (spain) owner is involved in the new outfit in Italy My Air, setting it up as a parallel airline. One Volar (Spain) aircraft an A320 that won’t be needed this season is heading to Italy to spend the winter there with the new colours of My Air.
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Staff working for such employers agreed to take the risks of associating with such people.
Good luck to all!
Join Date: Mar 2004
Location: in the kitchen
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In Volare they offered a career that in three/four years could take you from the ejection seat of an old Starfighter to the LHS of an Airbus A330.
I think that's one of the few good things they did
In NATO, if you have 2500 hrs on fast jets, they give you the LHS of an AWACS (B 707) after "only" 300 hrs (less than 6 months), and if you argue that the job is different, I agree..., it's more demanding!
mad
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VOLARE goes Bust
Volare europes 4th largest low cost carrier has ceased trading. It was a relatively large airline with 24 aircraft ( 21 A320 ). It was the 3rd largest airline in Italy after Ryanair and Alitalia.
It is suggested that the rising price of Oil was to Blame.
Volare carried over 5 Million passengers in the past year from Its Italian Bases.
The web site is www.volareweb.com
Sorry to hear the news Chaps!!!
It is suggested that the rising price of Oil was to Blame.
Volare carried over 5 Million passengers in the past year from Its Italian Bases.
The web site is www.volareweb.com
Sorry to hear the news Chaps!!!
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Hello
I remember seeing a Volare Aibus plane at Beirut International Airport about 2 years ago, I am not sure if it actually operated services to Lebanon but I guess it must have at some point, Its such a shame to see another Italian Airline having problems and going bust, to be honest I dont think the Italian goverment can afford to accomodate it with Financial assistant with the big money being poured into alitalia, Lets hope some Rich Business men in Italia or somewhere else offer it a life line it really is a shame, Best of luck to all that will be affected by this Situations.
Kind regards
AIRLEBANON
I remember seeing a Volare Aibus plane at Beirut International Airport about 2 years ago, I am not sure if it actually operated services to Lebanon but I guess it must have at some point, Its such a shame to see another Italian Airline having problems and going bust, to be honest I dont think the Italian goverment can afford to accomodate it with Financial assistant with the big money being poured into alitalia, Lets hope some Rich Business men in Italia or somewhere else offer it a life line it really is a shame, Best of luck to all that will be affected by this Situations.
Kind regards
AIRLEBANON
