LJ
Posts: 4103
Joined: Wed Nov 17, 1999 8:28 pm

British World Into Receivership

Sat Dec 15, 2001 12:05 am

A sad day for European aviation as British World Airlines enters receivership. According to bloomberg the airline was unable to overcome a short term cash flow problem.

BAE Systems decided yesterday to stop supporting the airline and terminated the the leases of 2 aircraft.

Regards
Laurens

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