20 Airlines That Have Gone Out of Business in the Past Year
> Headquarter: Geneva, Switzerland
> Ceased operations: December 2018
With roots in predecessor airlines going back to 1977, PrivatAir, a business charter airline, built its brand around “distinctive tailor-made service.” Shortly before its collapse, its financial troubles were deepened when Lufthansa ended a lease arrangement for the use of PrivatAir planes. At the time it declared itself insolvent last December, PrivatAir had 226 employees in Germany, Portugal, and Switzerland, and an additional 65 contractual staff in the Middle East.
Small Planet Airlines
> Headquarter: Vilnius, Lithuania
> Ceased operations: November 2018
Lithuanian-based Small Planet Airlines was a leisure and charter carrier that contracted with tour operators in Europe. It filed for bankruptcy in October of last year, with a plan to reorganize, blaming its financial distress on the losses accumulated by its German and Polish subsidiaries, both of which had previously declared insolvency. Small Planet planes stopped flying when the government of Lithuania suspended its license in November.
> Headquarter: Saratov, Russia
> Ceased operations: May 2018
Originally flying planes for agricultural operations, and in modern times flying regional routes throughout Russian, Saratov Airlines had been operating for 86 years before one of its planes crashed outside of Moscow in February of 2018, killing all 71 people on board. The Russian transportation authority ordered the airline to shut down operations in May, citing violations found in the inspections that followed the crash.