Timeline for Can a passenger predict that an airline or a tour operator is about to go bankrupt?
Current License: CC BY-SA 4.0
7 events
| when toggle format | what | by | license | comment | |
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| Sep 25, 2019 at 15:49 | comment | added | reirab | @TimLymington For that matter Condor entered it yesterday. | |
| Sep 25, 2019 at 15:34 | comment | added | reirab | @TimLymington They do exist in at least parts of Europe. Alitalia is in it right now (and has been since 2017.) Perhaps a different name is used for it, but it's essentially the same thing. | |
| Sep 25, 2019 at 9:13 | comment | added | Tim Lymington | @reirab: that comment is quite right but could exacerbate a major transatlantic misunderstanding. In Europe (including the UK) neither 'bankruptcy protection' nor 'bankruptcy reorganization' exist; some of Swissair was sold as a going concern, but the company ceased to exist. | |
| Sep 24, 2019 at 16:50 | comment | added | reirab | Same for nearly all of the major U.S. airlines. Almost all of them filed for bankruptcy protection in the 2000s at one point or another. The combination of 9/11 and the recession (and not-so-flexible union contracts) hit the airline industry hard. However, they filed for bankruptcy reorganization, not for liquidation. | |
| Sep 24, 2019 at 16:18 | history | edited | Martin Argerami | CC BY-SA 4.0 |
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| Sep 24, 2019 at 16:16 | comment | added | JJJ | Similar story with Swissair, which was then taken over by Lufthansa and now operates as Swiss. As others have noted, Cook also had investors pumping in money, but not enough. | |
| Sep 24, 2019 at 4:17 | history | answered | Martin Argerami | CC BY-SA 4.0 |