Airline that went bankrupt in 2009

by Dave on 05/01/10 at 11:22 am

2009 has been a difficult year for airlines all over the world. Many had to reduse their fleet or crew, while others had no other option than declaring their bankrupcy. Here’s a list of airlines that ceased to exist this year. Australia seems to take the trophy for most failed airline companies in 2009.

  1. Flyglobespan (Scotland) – went bankrupt in Dec. 16, 2009 due to liquidity shortfail.
  2. Indochina Airlines (Vietnam) – ceased operations in Nov. 25, 2009; it is still possible to resume services by Jan. 2010, otherwise it will lose its license.
  3. PB Air (Thailand) – no longer functioning since Nov. 2009.
  4. SkyEurope (Slovakia) – went bankrupt in Sep. 1, 2009 due to the global economic crisis, as fell as a decline in passenger numbers and liquidity shortfail.
  5. East Star Airlines (China) – grounded on Mar. 15, declared bankrupt on Aug. 27 with debt of over USD110 million.
  6. Silver Air (UAE) – suspended operations on Aug. 3rd due to restructuring
  7. MyAir (Italy) – grounded on July 24th by Italy’s Civil Aviation Authority due to unreliable services and failure to pay its taxes.
  8. Jet America (USA) – no longer operating since July 18th due to unviable business model.
  9. KDAvia (Russia) – grounded on Sep. 4th due to debt of over EUR221 million and revoked certification.
  10. Bellview Airlines (Nigeria) – ceased to operate in Oct. and grounded by the Nigerian Civil Aviation but plans to resume service in December this year.
  11. Aviacsa (Mexico) – suspended in July 7th by the Mexican Government due to unpaid debt of USD22 million.
  12. Qiantang Airlines (China) – stopped service due to the global economic crisis and shortage of capital
  13. Megantara Air (Indonesia) – no longer operating since May 6th due to financial issues.
  14. Air Fiji (Fiji) – stopped operating on May 30 due to financial difficulties and following other suspensions.
  15. OzJet (Australia) – stopped service on May 20 being under credit risk.
  16. KrasAir (Russia) – ceased to function on July 6th after being declared bankrupt and under high debt.
  17. Linus Airways (Indonesia) – banned by EU due to safety concerns, stopped operating on April 27 due to financial difficulties.
  18. Cameroon Airlines (Cameroon) – Cameroon’s national airline is no longer operating since March; the company’s former administration was charged with embezzling over USDD250 million.
  19. Centralwings (Poland) – Closed on April for being unprofitable.
  20. Kayala Airlines (Saudi Arabia) – declared bankrupt on April 1st after confronting with high cost coupled with low demand.
  21. MacAir (Australia) – Stopped flying on January 29 due to funding shortage.
  22. Sky AirWorld (Australia) – No longer flies since February 2009 due to the current economic crisis.
  23. flyLAL (Lithuania) – Stopped on January 17th; it was unable to satisfy the creditor’s demand and struggled with low demand over European winter and record oil prices.
  24. Zambian Airways (Zambia) – Stopped on January 10 due to economical conditions and high fuel prices.
  25. Caribair (Dominican Republic) – Suspended operations on Jan. 20 due to “operational irregularities” – the company was hiding commercial operations as private services aircraft.
  26. BlueWings (Germany) – Stopped flying on March 31st after its operational approval being revoked by the Germany’s Federal Aviation Agency; BlueWings apparently did not have enough funds to ensure long-term viability.

You might also be interested in:

  1. And Airline of the Year 2009/2010 goes to airBaltic
  2. Vueling makes record profit for 2009
  3. BMI cuts 600 employees to survive the recession

10 Responses to “Airline that went bankrupt in 2009”

  1. aomd88

    Jan 5th, 2010

    ONLY 26 airlines ? Surely, there are many missing. For example, in Spain Air comet went bankrupt and closed for good during 2009

  2. Dave

    Jan 5th, 2010

    26 airlines we could find. But the list is open so thank you for the comment

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  4. antnia

    Jan 6th, 2010

    Futura, LTE, Girjet, Lagunair, Air Comet, Fly Ant, Air Asturias, Gadair, Aebal, Pronair….

    Oh my god……………

  5. Dave

    Jan 6th, 2010

    I believe those went bankrupt in 2008, if I’m not mistaken

  6. kim

    Jan 20th, 2010

    This one of airline bankrupt on 2009 , in Thailand after close the airport.

  7. kim

    Jan 20th, 2010

    ho, sorry name company……skystar airways

  8. kim

    Jan 20th, 2010

    skystar airways, in thailand

  9. CAMILO CHALUP

    Jan 22nd, 2010

    AIR COMET OF CHILE SUSPENDED OPERATIONS IN 2009

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