Primera Air
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I really feel for you.Join Date: Oct 2005
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The e-mail is a really honest account of how difficult it is to keep the planes flying in the industry. I applaud Primera for trying a new model, its a shame that delivery delays and lease-ins were necessary. Not only were these expensive the lease-in wasn't reliable either. The EU261 claim bill must have been huge - to the point it probably brought the airline down.
Is such a shame that the damage meant that Birmingham wasn't planned to return, its the kind of market that the A321neo/LR can really crack open.
Im really saddened to hear this. Did you previously fly with MON? I wish you all the best for the future.
Is such a shame that the damage meant that Birmingham wasn't planned to return, its the kind of market that the A321neo/LR can really crack open.
Im really saddened to hear this. Did you previously fly with MON? I wish you all the best for the future.
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Message now on the Primera website...
Details amongst the sad statement are costs of 10m Euro for the "rebuild" of the B738 last year(at NWI) due to extensive corrosion..
& 20m Euro for the leases in & associated costs incurred early in the season with the late NEO deliveries.
Details amongst the sad statement are costs of 10m Euro for the "rebuild" of the B738 last year(at NWI) due to extensive corrosion..
& 20m Euro for the leases in & associated costs incurred early in the season with the late NEO deliveries.
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Message now on the Primera website...
Details amongst the sad statement are costs of 10m Euro for the "rebuild" of the B738 last year(at NWI) due to extensive corrosion..
& 20m Euro for the leases in & associated costs incurred early in the season with the late NEO deliveries.
Details amongst the sad statement are costs of 10m Euro for the "rebuild" of the B738 last year(at NWI) due to extensive corrosion..
& 20m Euro for the leases in & associated costs incurred early in the season with the late NEO deliveries.
https://primeraair.com/travel-alert/
Denmark, Copenhagen
October 1st, 2018
With a great regret, we must inform you that Primera Air will cease all operations on the midnight of October 1st, 2018 and enter administration process, after 14 years of operations.
This is a sad day for all the employees and passengers of Primera Air. The company has been working relentlessly during the last months to secure the long-term financing of the airline. Not being able to reach an agreement with our bank for a bridge financing, we had no other choice than filing for bankruptcy.
During the last 2 years, several unforeseen misfortunate events severely affected the financial standing of Primera Air. In 2017, the company lost one aircraft from operations due to severe corrosion problems and had to bear the total cost of rebuilding, resulted in a loss of more than 10 million euros. 2018 began with a fantastic start of our low-cost long-haul project with a brand-new Airbus 321neo fleet, however, due to severe delays of aircraft deliveries this beginning ended up being rocky and incredibly problematic: operational issues, cancelations of number of flights, loss of revenues are just a few to mention. In addition, to fulfill our obligations in front of passengers, Primera Air leased in aircraft and beared additional costs of over 20 million euros.
Weighting the potential losses due to future delivery delays, and the added exposure to our partners and lessors, and bearing in mind the difficult environment that airlines are facing now due to low prices and high fuel costs, we have decided to cease operations now, where it will have a smaller effect on our clients, due to the timing of the year, rather than increasing the exposure. Without additional financing, we do not see any possibility to continue our operations.
This is an enormous disappointment after the incredible hard work and dedication put into building the airline. The company wants to sincerely thank all its employees for their hard work and dedication, its clients for years of loyal support and its suppliers for their cooperation during the years.
Sincerely,
The board of Primera Air
October 1st, 2018
With a great regret, we must inform you that Primera Air will cease all operations on the midnight of October 1st, 2018 and enter administration process, after 14 years of operations.
This is a sad day for all the employees and passengers of Primera Air. The company has been working relentlessly during the last months to secure the long-term financing of the airline. Not being able to reach an agreement with our bank for a bridge financing, we had no other choice than filing for bankruptcy.
During the last 2 years, several unforeseen misfortunate events severely affected the financial standing of Primera Air. In 2017, the company lost one aircraft from operations due to severe corrosion problems and had to bear the total cost of rebuilding, resulted in a loss of more than 10 million euros. 2018 began with a fantastic start of our low-cost long-haul project with a brand-new Airbus 321neo fleet, however, due to severe delays of aircraft deliveries this beginning ended up being rocky and incredibly problematic: operational issues, cancelations of number of flights, loss of revenues are just a few to mention. In addition, to fulfill our obligations in front of passengers, Primera Air leased in aircraft and beared additional costs of over 20 million euros.
Weighting the potential losses due to future delivery delays, and the added exposure to our partners and lessors, and bearing in mind the difficult environment that airlines are facing now due to low prices and high fuel costs, we have decided to cease operations now, where it will have a smaller effect on our clients, due to the timing of the year, rather than increasing the exposure. Without additional financing, we do not see any possibility to continue our operations.
This is an enormous disappointment after the incredible hard work and dedication put into building the airline. The company wants to sincerely thank all its employees for their hard work and dedication, its clients for years of loyal support and its suppliers for their cooperation during the years.
Sincerely,
The board of Primera Air
https://primeraair.com/about-us/corporate-info/
Last edited by Suzeman; 1st Oct 2018 at 17:26.
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Such sad news. Was a wonderful airline to dedpatch and lovely bunch of staff who worked for them. Very best of luck to all the staff. When an airline goes under it is always so sad. The reasons just ATM don't mater its just sad end off
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The e-mail is a really honest account of how difficult it is to keep the planes flying in the industry. I applaud Primera for trying a new model, its a shame that delivery delays and lease-ins were necessary. Not only were these expensive the lease-in wasn't reliable either. The EU261 claim bill must have been huge - to the point it probably brought the airline down.
Is such a shame that the damage meant that Birmingham wasn't planned to return, its the kind of market that the A321neo/LR can really crack open.
Im really saddened to hear this. Did you previously fly with MON? I wish you all the best for the future.
Is such a shame that the damage meant that Birmingham wasn't planned to return, its the kind of market that the A321neo/LR can really crack open.
Im really saddened to hear this. Did you previously fly with MON? I wish you all the best for the future.
did indeed fly for MON for 6 years. Absolutely gutted, that’s an understatement.
Exactly a year later, time to scroll through endless job applications, referencing stages and then training yet again.
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I know it would mean a bit more training but get yourself over to Jet2 seems to be much more secure.
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Of course it is sad for all employed by the airline and they have my commiserations. But, were they so surprised? I ask only because after this Summer's fiasco the first signs of trouble were there for all to see. Unfortunately, it was just only a matter of time. Great pity though.