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Blueline declared bankrupt
Another VIP charter airline has succumbed to the recession :(
Blue Line is declared insolvent, to be shut down on October 6 |
Not a good news but hardly a surprise.
They were not really VIP airline business model wise. Most VIP airlines have principal owners/users behind each aircraft who covers all fixed costs and shortfalls. Blueline is (or now was) a mix-and-match of: commercial, charter, corporate and even ACMI provider. 3 aircraft types with only a couple airframes of each. Days when such outfits were feasible in Europe are long gone. There is only one of a similar strategy remains on the market (EU) - Titan Airways. Wish all people to find a new job quickly, at least the market now is not as bad as it was a 12-18 month ago. |
Not a bad news either, except for the poor blokes who will loose their job.
Blue Line was founded eight years ago, by two chief trade-unionist, ex-T.A.T. European Airlines pilots. The working conditions at Blue Line were worse than what you have in RYANAIR. Most of the flying crew were ex TAT (fokker 100) or Air liberté (MD 80) they had to accept from their bosses (ex trade Unionist) at least 50% reduction compared to the salaries they earned in TAT or Air Liberté. I whish those two renegate are now ruined ! |
....they had to accept from their bosses (ex trade Unionist) at least 50% reduction compared to the salaries they earned in TAT or Air Liberté. IE: 'I'm all right Jack, you suffer...sucker.':rolleyes::ooh: |
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