2019 has been an especially rough year for airlines. This video breaks down five of the biggest airline bankruptcies in 2019. Enjoy!
Or here’s the textual version:
Headquartered in Berlin, Germania launched operations in September of 1978 and ceased operations on February 5th, 2019. Germania declared bankruptcy the day before ceasing operations.
Germania had bases in airports such as Berlin, Dussseldorf, Munich, and more.
At the time of its bankruptcy, Germania operated a fleet of:
- 19 A319s
- 6 A321s
- 5 737-700s.
In 2016, Germania ordered 25 Airbus A320neo aircraft set to be delivered in 2020, but were never delivered due to the bankruptcy.
Flybmi was originally the regional subsidiary of British Midland International (BMI) until BMI was acquired by the IAG Group. The airline was headquartered in East Midlands Airport and operated a fleet of 3 ERJ-135s and 14 ERJ-145s.
The airline filed for administration and ceased operations on February 16, 2019.
WOW Air, the revolutionary Icelandic airline commenced operations in May 2012 and ceased operations on March 28, 2019 due to ongoing financial difficulties. WOW Air rapidly expanded in the past summers which resulted in the airline quickly reducing its network in Winter 2018/19.
The airline launched service from Reykjavik (KEF) to cities in the U.S. like:
- Dallas/Fort Worth
- St. Louis
- San Francisco
And many more.
At one point, WOW Air operated a fleet of A320, A321, A321neo, and A330 aircraft before returning most to its lessors.
WOW Air was supposed to take delivery of four Airbus A330-900neo aircraft but never did and cancelled the orders. Two A330neo aircraft are now operated by Indonesian CitiLink.
Currently, former WOW employees are attempting to revive the airline as PLAY
Jet Airways was India’s largest commercial airline with a 22.6% market share until collapsing on April 17, 2019. The airline was based in Mumbai and had hubs in Mumbai, Delhi, and Bengaluru.
At the time of its bankruptcy, Jet Airways’ fleet consisted of: (Per Wiki)
- 4 A330-200s, 4 A330-300s
- 15 ATR-72-500s, 3 ATR-72-600s
- 2 Boeing 737-700s, 72 737-800s, 4 737-900s
- 8 737 MAX 8s
- 10 777-300ERs
- 142 737 MAX 8s
- 75 737 MAX 9s
- 10 787-9s
Thomas Cook Airlines:
Finally, this one. Thomas Cook ceased operations and declared bankruptcy on September 23, 2019. The recovery process spurred the need to assist 165,000 stranded passengers and 21,000 employees that lost their jobs.
At the time of its bankruptcy, Thomas Cook operated a fleet of 27 A321s and 7 A330-200s.
However, its subsidiaries still fly today:
- Condor announced a modified livery, removing the Thomas Cook Heart.
- Thomas Cook Scandinavia was rebranded into Sunclass Airlines
Image Credits to Boeing (Jet Airways), Airbus (WOW Air/Germania), Flybmi, and Thomas Cook
Overall, not a great year for many airlines in 2019, especially with the 737 MAX groundings. Good luck to airlines in 2020!