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Aigle Azur has collapsed.

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Aigle Azur has collapsed.

Old 28th Sep 2019, 15:03
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Aigle Azur has collapsed.

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

https://news.sky.com/story/aigle-azu...apses-11821556
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Old 28th Sep 2019, 16:44
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Originally Posted by Super VC-10 View Post
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.
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Old 28th Sep 2019, 20:19
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There's a recession in aviation but no one seems to want to say the word
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Old 28th Sep 2019, 20:56
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Originally Posted by Officer Kite View Post
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.

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Old 28th Sep 2019, 22:52
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Originally Posted by 763 jock View Post
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.
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Old 28th Sep 2019, 23:25
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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.
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Old 29th Sep 2019, 00:14
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It's another financial blow for HNA as well.
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Old 29th Sep 2019, 09:43
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Govt regulations? Not sufficient of themselves to ground a carrier.
Have you ever run an airline ?
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