has eurowings gone bust

Unfortunately, the Swissair's "Hunter Strategy" that saw it take equity stakes in a handful of other airlines during the 1980s and 90s stretched the company's finances too far. I think this was a set of issues that was very specific to Monarch," she told CNNMoney. Founded in 1958, Interflug succeeded Deutsche Lufthansa (different from West Germany's Lufthansa) as the national airline of East Germany.

The carrier ceased operations in October 2017 after major shareholder Etihad Airways declined to continue financial support of the money-losing airline.

Unfortunately, the airline could not sustain the business and collapsed under the weight of £270 million of debt in February 1982. Read the latest news on companies that have gone into administration, liquidation or CVA in retailing, manufacturing, services, and other industries plus other interesting topics regarding insolvency. The airline was sold off in 2012 following BMI's acquisition by British Airways. Air Berlin and struggling Italian national carrier Alitalia were the first two dominoes to fall.

The Texas-based airline was one of the most interesting and colorful companies in the business from its unique multi-color livery to its Emilio Pucci designer flight attendant uniforms. "When the industry sees that supply of seats is increasing faster than demand, they all cut prices," said independent industry analyst Louise Cooper. REUTERS/John Gress In Canada, Canadian Airlines was merged into Air Canada. aviation-images.com/UIG via Getty Images All rights reserved. Eastern filed for bankruptcy in 1989 before ending flight operations in January 1991.

HIGH STREET fashion chain East has gone into administration putting 314 jobs at risk. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. A large number of these brands have gone away due to mergers as airlines joined together in order to survive the brutally competitive market place.Northwest and Delta merged to form the new Delta Air Lines. Interflug shut down in February 1991. "It's primarily an issue of scale and competition," said Rob Byde, a transport analyst at Cantor Fitzgerald. Get your weekly recap of all things electric vehicles, airlines, and more. American Airlines and US Airways then merged to form a new American Airlines under US Airways management.

© 2018 All times are ET. Founded in 1983, New York-based Tower Air operated scheduled passengers flights as well as military and leisure charters using its fleet of Boeing 747 jumbo jet.

Probst/ullstein bild via Getty Images TWA was acquired by American Airlines. While in Brazil, Varig was acquired by Gol. Reuters Julio Cortez/AP

Founded in 1987, Flybmi was once the regional arms of British Midland International. The airline cited the loss of its military charter business as a contributing factor to its demise. Kingfisher ceased flights October 2012 after the Indian government pulled the heavily indebted airline's operating license. Founded in 1990, Transaero was one of Russia's largest privately-owned airlines. There are other issues dogging the industry, including a pilot shortage and deadly terror attacks that forced airlines like Monarch to avoid popular holiday destinations like Byde said terror fears forced Monarch to shift some flights to crowded routes where it failed to gain an edge. AP Photo/Wally Fong A leading-edge research firm focused on digital transformation.British regional airline Flybe ceased operations in early March.The 40-year-old airline shut down after a prolonged financial struggle, but a decrease in bookings caused by COVID-19 anxieties pushed it over the edge.It wasn't the first European airline to collapse this year — Air Italy folded in February.Over the past two decades, a number of well-known airline brands have disappeared from the aviation landscape.