Aigle Azur has collapsed.

[Super VC-10]

French airline Aigle Azur has collapsed. Not looking good for XL Airways either.

https://news.sky.com/story/aigle-azu...apses-11821556

[568]

Originally Posted by Super VC-10

French airline Aigle Azur has collapsed. Not looking good for XL Airways either.

https://news.sky.com/story/aigle-azu...apses-11821556

Oh boy, not a good year for aviation in Europe.
Hope the crews/staff can get employment ASAP.

[Officer Kite]

There's a recession in aviation but no one seems to want to say the word

[763 jock]

Originally Posted by Officer Kite

There's a recession in aviation but no one seems to want to say the word

I think there are just too many airframes in Europe. Industry self inflicted wounds.

[tsgas]

Originally Posted by 763 jock

I think there are just too many airframes in Europe. Industry self inflicted wounds.

Too many cheap seats and too many costly government regulations = companies closing down.

[PAXboy]

Too many cheap seats? Yes. Govt regulations? Not sufficient of themselves to ground a carrier. We are seeing one of the regular cycles and it will get worse as the next Western Financial Recession starts tobite. When the USD trouble surfaces (as it soon will) then it will be even more uncomfortable.

[Wizofoz]

It's another financial blow for HNA as well.

[His dudeness]

Govt regulations? Not sufficient of themselves to ground a carrier.

Have you ever run an airline ?