Now I know that there has already been a topic that says about Primera air filing for bankruptcy but this topic will focus on why the airline didn’t succeed
A statement from the board said the airline had “no other choice than filing for bankruptcy” when it could not agree bridge financing with its bank. It said “several unforeseen events” had cost it significant amounts of money, including €10m to repair a plane suffering from corrosion and €20m to lease aeroplanes with crew after the late delivery of new aircraft.
Signs that the airline was in trouble came in August, when it said short-haul flights from Birmingham to seven European destinations would end on 3 September.
It had planned to start flying from Madrid to New York, Boston and Toronto next month from €149 each way.
Overall I think that Primera Air was trying to grow too quickly and in a way that was unsustainable.
Be sure to tell me what you think!
Also this is my first topic and I would appreciate some feedback! 👍🏻