UTA_flyinghigh
Topic Author
Posts: 6304
Joined: Wed Oct 03, 2001 8:46 pm

Air Littoral Bankrupt!

Fri Aug 22, 2003 4:18 pm

Another French company bankrupt after AOM, Air Liberte, Air Lib, Westair, Air Jet :
http://www.lemonde.fr/article/0,5987,3234--331256-,00.html
Fly to live, live to fly - Air France/KLM Flying Blue Platinum, BMI Diamond Club Gold, Emirates Skywards
 
User avatar
Fly-K
Posts: 2994
Joined: Thu May 04, 2000 4:26 pm

RE: Air Littoral Bankrupt!

Fri Aug 22, 2003 4:29 pm

That's really a shame! I've always liked the "gens du sud (people of the south)personality" of Air Littoral.
Does this mean they've stopped flying already?

Konstantin
Once you have tasted flight, you will forever walk the earth with your eyes turned skyward, for there you have been...
 
RJ100
Posts: 3895
Joined: Wed Nov 22, 2000 1:37 am

RE: Air Littoral Bankrupt!

Fri Aug 22, 2003 5:36 pm

Hello

They are still flying! As far as I understand the article they guarantee to keep all flights for the next 45 days and that an American investor group is taking over the company...

Regards,
RJ100
none
 
teva
Posts: 1764
Joined: Thu Feb 01, 2001 12:31 am

RE: Air Littoral Bankrupt!

Fri Aug 22, 2003 6:27 pm

Another victim of the Swissair megalomaniacs ...
I had my first job for an airline at FU.(ORY, CDG, and a replacement in BIQ)
I learned a lot in this company, and I hope they will survive. And I hope for those great people that Marc Dufour will not stay.
If some former colleagues read that, good luck
Teva
Ecoute les orgues, Elles jouent pour toi...C'est le requiem pour un con
 
707CMF
Posts: 4698
Joined: Thu Mar 14, 2002 5:39 pm

RE: Air Littoral Bankrupt!

Fri Aug 22, 2003 6:39 pm

Actually, they are not bankrupt yet.

It's rather close to what happened to UA when they went chapter11

707
 
richardw
Posts: 3142
Joined: Tue May 08, 2001 3:17 am

RE: Air Littoral Bankrupt!

Fri Aug 22, 2003 9:31 pm

They could change their fare structure to encourage earlier bookings and add Spanair codes to more flights, but the success of that would depend on BD and LH flights having Spanair codes.
 
swissgabe
Posts: 5147
Joined: Tue Jan 11, 2000 4:57 am

RE: Air Littoral Bankrupt!

Fri Aug 22, 2003 11:23 pm

I was wondering my self that it took till Reply 3 that Swissair is blamed for everything ...
Smooth as silk - Royal Orchid Service /// Suid-Afrikaanse Lugdiens - Springbok
 
RJ100
Posts: 3895
Joined: Wed Nov 22, 2000 1:37 am

RE: Air Littoral Bankrupt!

Fri Aug 22, 2003 11:41 pm

...the bankruptcy of Air Littoral just shows that it is not SR's fault! They just ran out of money now that the Swiss don't send a few hundred millions every year...

RJ100
none
 
User avatar
keesje
Posts: 9078
Joined: Thu Apr 12, 2001 2:08 am

RE: Air Littoral Bankrupt!

Fri Aug 22, 2003 11:50 pm

So now state owned Air France has the 95% domestic market they need to stay profitable ?
"Never mistake motion for action." Ernest Hemingway
 
teva
Posts: 1764
Joined: Thu Feb 01, 2001 12:31 am

RE: Air Littoral Bankrupt!

Sat Aug 23, 2003 12:08 am

Swissgabe, it is not Swissair that I blame. It was my favorite airline. I blame the megalomaniac people who crashed Swissair by their stupid strategy.
If the idea was to have trafic rights in France, 1 airline was enough.
I don't see the rationale of buying 3 airlines that have only one thing in common (the millions they loose) and trying to merge them. An addition of losses will never equal a profit.
Teva
Ecoute les orgues, Elles jouent pour toi...C'est le requiem pour un con

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