Airline Closures

UK carriers European Aircharter and Flightline both suspended operations in the first week of December and have filed for administration. The closure of the charter and ACMI lease specialists has also affected the operations of many other airlines, as they had aircraft performing sub-charter work for the likes of BA CityFlyer and Palmair.
Bournemouth-based European Aircharter closed on December 1, after failing to agree terms over a proposed investment from the Bance Group. Flightline, based at London/Southend, closed just two days later, on December 3. It operated a fleet of BAe 146, Avro RJ and McDonnell Douglas MD-80 models and was due to celebrate its 20th anniversary in April 2009.
Elsewhere in Europe, Spanish carrier LTE has entered administration. The Palma de Mallorca-based company, owned by Italian carrier MyAir, suspended all flights in October but relaunched ACMI charter services later the same month. However, in early December it announced that it had suspended all flight operations.
In China, independent carrier Okay Airways has also announced the temporary suspension of its passenger services. The Tianjin-based company stopped its scheduled flights in mid-December and was expected to relaunch operations by the end of January 2009. The financially troubled airline is reportedly embroiled in a major dispute between its controlling shareholders.