Japan Airlines, Asia’s biggest airline, will file for bankruptcy protection today, shortly after Tokyo’s Stock Exchanges closing time.
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Tag Archives: airline bankrupcy
One more down: Flyglobespan goes bankrupt
Flyglobespan entered administration on Wednesday, therefore all their 800 employees were sent home and all the flights were cancelled. The result? More than 4,500 passengers abandoned all over Europe.
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WizzAir, the next low cost airline failure?
It seems that East European low cost airlines are now living very hard times. After SkyEurope’s last September failure and Seagle Air in Slovakia, is it now Wizz Air’s turn?
Insurance that covers airline failure
If you’re worried that, in this economical turmoil, your airline might go bankrupt, you can opt in for a travel insurance that covers you exactly for this. The British Insurance Brokers’ Association (BIBA) now includes in its packages protection against airline failure that affects holidaymakers who booked tickets.