What European airlines went bankrupt due to Covid last year?

According to statistics conducted by the specialized site Simple Flying, only five had to stop working.

Despite the resumption of traffic, 2021 was still a complex year for airlines on the planet. According to IATA figures, the cumulative losses of carriers exceeded $51.8 billion (44.5 billion euros) last year due to the Covid virus.

It is enough to shake the strongest and make the weakest disappear. Thus, despite public aid to this particularly vulnerable sector, several companies went bankrupt again last year.

In Europe according to the specialized site simple flightThere are 5 companies that had to stop operating last year.

France: Folderect

The commercial charter company VolDirect has ceased its activities after ten years of activity. “Our passion for business aviation remains unchanged, and in partnership with aviation broker Aeroaffaires, we have created a new offering to meet your needs for customized flights,” the company nonetheless identifies.

Armenia: Atlantis Armenian Airlines, also known as Atlantis European Airlines

The company was forced to cease its activities on February 20, 2021 after more than 20 years of existence. Based at Zvartnots International Airport, the main airport in Yerevan, the airline has operated a fleet of three Airbus A320-200 and one Boeing 737-500.

Denmark: Embraer Great Dan Airlines

The young Danish company founded in 2018 filed for bankruptcy on October 11, stranding more than a hundred passengers at Billund Airport in southern Denmark.

At that time, it had a fleet of three Embraer ERJ-195LR aircraft.

Ireland: Stobart Ireland

The regional airline halted operations on June 12, causing a series of cancellations from the Republic of Ireland and Northern Ireland to the United Kingdom.

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This airline has operated regional routes for Aer Lingus (the country’s national carrier) under a concession agreement. At the time of its bankruptcy, Stobart Air had a fleet of 12 ATR 72s and one ATR 42.

Spain (Balearic Islands): Thomas Cook Airlines Balearics

The Spanish remains of bankrupt British entertainment specialist Thomas Cook had to be liquidated after resisting some time after the collapse of the parent company.

Record better than in 2020 and 2019

Forty global airlines threw the towel in 2020. In Europe, Level Europe, Flybe and SunExpress Deustchland were forced to cease their activities. A year ago, 23 airlines suspended their activities, 9 of them European.

These were Adria (Slovenia), Aigle Azur (France), Flybe (UK), Germania (Germany), Thomas Cook Airlines (UK), Thomas Cook Airlines (Denmark), Thomas Cook Airlines Ballyarks (Spain), and XL Airlines (France).

Oliver Schechbortich Journalist at BFM Business

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