Small Planet PL bankrupt
 

Small Planet Poland is bankrupt, all flights are suspended with effect from midnight (now).

Interesting development in view of their other EASA AOC, Small Planet Germany also being under administration.

Bravo Tours Denmark which used Primera Air announced last week that Small Planet PL would take over their flying contracts - The reference to SP airlines has now been removed.

Bravo need to find a carrier for their 450000 pax for next season S19...

So that leaves SP in Lithuania and in Thailand? Interesting development... Higher oil prices and rising pilot cost are not helping I guess...

Perhaps pilot shortage might be one of the issue on this case.

Next up, smartlynx and avion. Bring it on chaps, see you on the other side.

I believe smartlynx actually had quite a good year so far, huge and profitable wetlease contracts. They basically ran easyJets TXL base for most of the year, just phasing out now, with up to 10 aircraft. Another aircraft or two flying for Condor (Thomas Cook Germany) and so on. There was a lot of demand for wet lease this year, and with the bankruptcies piling up there will be even more next year.

It all depends on margins. The wet lease boys have a lot of extra costs to deal with when working for the bigger airlines. Small Planet PL will be the thin end of the wedge. More bankruptcies are sure to follow soon. No names.

Worth noting that although Smartlynx do work for Thomas Cook, Thomas Cook has joined the ACMI bandwagon with its own brand of ACMI operation called Thomas Cook Balearics based in PMI. If you can't beat them........

Airlines do tend to go bust at the end of the summer season and just before payday for the staff. No doubt the management will re appear next year with a brand new idea & airline.

So sad
 

Wow (excuse thepun) so another one bites the dust. One of my friends said they closed the gdansk base but I did not realise they were in this deep trouble. Sorry to my ex colleagues hope u find another job.

https://cimg6.ibsrv.net/gimg/pprune....811733f65.jpeg

No more skittles to give to the kids

It states that there is a fleet reduction - so contracting a fleet is not good, but reading this does not look like its bankrupt but starting to struggle
https://www.smallplanet.aero/en/abou...​​

Reducing the fleet from 10 to 2 aircraft (one of which is only wet-leased) is more than a starting struggle.

Small Planet PL bankrupt
 

Flew back from the Gambia last year and the plane was packed [? Airbus] very old plane with dicloured, crazed, plastic wash basins etc. Big drama as a crazy female passenger refused to sit down and had to be arrested in a diversion to, I think, Agadir, so we arrived back at some ungodly hour.
The captain handled everything with charm and tolerance, as did the rest of the crew, so it ain't their fault. They couldn't have been nicer in a difficult situation and a packedf aircraft.
I hope all the crew get jobs straight away!

Presumably Ryanair Sun's appearance in the Polish IT market in Summer 2018 has not helped them, and I understand that they are hoping to put further aircraft in this market during Summer 2019

yep...all poland based aircraft to operate under ryr sun, even doing the ryr flights. All pilots and CC been told to resign and join a new micky mouse agency with worse terms...such as report sick, 400e fine, late checkin, 400e fine...they even must get liability insurance to operate! Ryr is actively promoting tax avoidance to these crews stating they can pay as little tax as they wish...after getting stung in germany you would have thought that molly had learnt his lesson.

Really hope people dont agree to these terms, the eastern bloc is becoming a dumping ground for all human rights, and the good old eu sits idly by...

Same scam as with XL, Viking Hellas, Tor Airlines etc etc. No doubt unrefunded tour operator deposits will be used to start yet another 'parachute' airline. The fact that Halldor Sigurdarson is still running the finances at Small Planet would suggest that PW (XL) has been behind this shower of sh1t. Tour operators never learn. The money they have lost will be used to lauch yet another new airline. And guess what, these idiots will book again. They will never learn their lesson. My guess is that PW will use his ill gotten gains to launch 'Scanblu', another Swedish 'parachute airline'. So, the story goes on ..........

What an odd statement! It's a business model which keeps repeating itself without, it seems, any punishment for those responsible. I'd be bitter too.

Small Planet Germany will cease operations as of 31st October.
Notice letters to crew being printed, and will be sent out tomorrow.

is this something you know or just a rumor ?

And SPL followed suit...

​http://www.travelweekly.co.uk/articles/314880/small-planet-airlines-goes-into-insolvency​​​​​​

Inside fact...

Caveat: Insolvency and closing down are two different animals (not disputing a word above).

Well, apparently Small Planet Germany got a new end date of next sunday to get a financially sound business plan, is being reported on airliners.de. Apparently they still negotiate with VLM Airlines and SF Aviation Holding BV. But even if that deal happens, it means a substantial downsizing of their fleet. It would include operating over the winter with just two aircraft, and during next summer with just three from only three remaining bases (CGN, DUS and LEJ). They cite a letter to the employees, which salary is supposedly secured until the end of November.

Small planet
 

Cambodia ?
 

The KH operation is said to be only 30% Small Planet group. Think of it as sister-in-law.

The whole operation always relied on strong enough winter projects to keep the balance sheet positive.

The LT oldest sister which is also in insolvency protection counts on the Bamboo project that is still supposed to happen, even if delayed.

The German and Polish siblings are indebted so much that even with the insolvency protection they could not ever repay what is needed unless an investor is found. The LT core unit has a viable plan to make it through on their own, though the creditors will take a significant haircut. (this last paragraph is not my words).

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Small Planet ( Lithuania) follows sister companies