Spanish Cheap Airline Fights for Survival – Job and Fleet Depletion
8 Articles
8 Articles
The flights continue to run and tickets are sold. Behind the scenes, however, a European low-cost airliner must fundamentally reorganise its finances.
The low-cost airline Volotea has started insolvency proceedings in its own administration. The restructuring could also affect connections to German airports.
Aeronautics industry on a descent: The next low-cost airline is fighting for economic survival.
The low cost Volotea has activated the preconcurso of creditors to gain time and protect the open negotiations with the bank and the rest of its creditors, within the process with which it seeks to reorder its financial structure. The airline aims to reach an agreement that allows to ensure its viability, after the deterioration of its accounts and the strong increase of costs have increased the pressure on its debt and its liquidity. The compan…
The Spanish airline Volotea is in financial difficulties. In the course of the renovation the fleet is also to shrink massively.
Carlos Muñoz Beraza, the Entrepreneur Who Founded Vueling and Now Faces the Restructuring of Volotea
The Murcian executive, trained at Icade and Harvard, built his trajectory in aviation after passing through the family agrifood business and McKinsey.
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