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Posts: 41
Joined: Fri Oct 21, 2005 9:25 pm

Sale Files For Air Luxor Bankruptcy

Fri Dec 16, 2005 2:45 am

According to the site SALE Singapore Aircraft Leasing Company filed for Air Luxor bankruptcy on a Portuguese Court for an alleged 5 Million Euro debt.
As Air Luxor is known for its bad service I think they are starting to go under.
I´ve flown 2 times on Air Luxor LIS-MAD-MLE and LIS-PUJ on charter services and their service was really bad.

Only Skydivers know why birds sing
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Joined: Thu May 13, 2004 5:33 am

RE: Sale Files For Air Luxor Bankruptcy

Fri Dec 16, 2005 3:33 am

Well this doesn't come as a surprise really... I just wonder how the HiFly thing fits in? Is it a way to get around the bankruptcy filing because the planes were sold to a new company? Even then, the leasing company would still be the same, and not happy with Air Luxor/HiFly management.

Let's see how this continues - does Air Luxor (or their holding company) lease or own their L1011s? I assume this dispute is about the A320s and/or A330s.
I scratch my head, therefore I am.

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