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Wednesday, December 7, 2022

CEO Insider

23 Airlines That Have Gone Out of Business: Report 2018-2019

Prof. Dr. Amarendra Bhushan DhirajProf. Dr. Amarendra Bhushan DhirajCEO Insider
Saratov Airlines, Russia

With the sudden collapse of Icelandic budget airline Wow Air and India’s Jet Airways in mind, we at the CEOWORLD magazine decided to compile a list of airlines that went out of business since January 2018 until the present day. To identify airlines that went out of Business in 2018-2019, CEOWORLD magazine reviewed numerous national and international media reports. Here’s a closer look.

These Are The 23 Airlines That Have Gone Out of Business (Report 2018-2019)

  1. Jet Airways
    Headquarter: Mumbai, India
    Founded: 1 April 1992
    Ceased operations: 17 April 2019
    Fleet (shortly before ceased operations): 2 Airbus A330-200, 2 ATR 72-500, 3 Boeing 737 MAX 8, 4 Boeing 737-800, 4 Boeing 737-900, and Boeing 777-300ER.
    Key people: Naresh Goyal and Vinay Dube
  2. Fly Jamaica Airways
    Headquarter: Kingston, Jamaica
    Founded: September 2011
    Ceased operations: 1 April 2019
    Fleet (shortly before ceased operations): 1 Boeing 767-300ER.
    Key people: Paul Ronald Reece
  3. Air Philip
    Headquarter: Seoul, South Korea.
    Founded: December 2016
    Ceased operations: March 2019
    Fleet (shortly before ceased operations): 4 Embraer ERJ-145EP.
  4. WOW air
    Headquarter: Reykjavík, Iceland
    Founded: November 2011
    Ceased operations: 28 March 2019
    Fleet (shortly before ceased operations): 2 Airbus A321neo and 8 Airbus A321-200.
    Key people: Skúli Mogensen
  5. Aerolínea de Antioquia (ADA)
    Headquarter: Medellin, Columbia
    Founded: 1987
    Ceased operations: 29 March 2019
    Fleet (shortly before ceased operations): 4 Dornier 328-100.
  6. Flybmi
    Headquarter: Castle Donington, Leicestershire, England, United Kingdom
    Founded: 14 May 1987
    Ceased operations: 16 February 2019
    Fleet (shortly before ceased operations): 3 Embraer ERJ-135 and 14 Embraer ERJ-145
    Key people: Stephen Bond and Peter Simpson
  7. Insel Air
    Headquarter: Willemstad, Curaçao
    Founded: 1993
    Ceased operations: 16 February 2019
    Fleet (shortly before ceased operations): 2 McDonnell Douglas MD-82, 3 McDonnell Douglas MD-83, 3 Embraer 110-P1 Bandeirante, and 4 Fokker 50.
    Key people: Edward Heerenveen
  8. Germania (airline) or Germania Fluggesellschaft GmbH
    Headquarter: Baar, Switzerland
    Founded: April 1978
    Ceased operations: 5 February 2019
    Fleet (shortly before ceased operations): 5 Boeing 737-700, 6 Airbus A321-200, and 19 Airbus A319-100.
    Key people: Karsten Balke
  9. Tajik Air
    Headquarter: Dushanbe, Tajikistan
    Founded: 1991
    Ceased operations: January 14, 2019
    Fleet (shortly before ceased operations): 1 Boeing 737-300, 1 Boeing 767-300, Boeing 737-400, 2 Boeing 757-200, and 2 Antonov An-28.
    Key people: Khamroev Firuz Khalilovich
  10. Asian Express Airline
    Headquarter: Dushanbe, Tajikistan
    Founded: 1911
    Ceased operations: January 2019
    Fleet (shortly before ceased operations): 1 Airbus A320-200 and 2 Avro RJ100.
  11. California Pacific Airlines (CP Air)
    Headquarter: Carlsbad, California
    Founded: April 1, 2009
    Ceased operations: January 17, 2019
    Fleet (shortly before ceased operations): 4 Embraer ERJ-145.
    Key people: Ted Vallas
  12. PrivatAir
    Headquarter: Baar, Switzerland
    Founded: 1977
    Ceased operations: 5 December 2018
    Fleet (shortly before ceased operations): 3 Airbus A319CJ and 2 Boeing BBJ.
    Key people: Thomas Limberger
  13. Small Planet Airlines
    Headquarter: Vilnius, Lithuania
    Founded: 2007
    Ceased operations: 28 November 2018
    Fleet (shortly before ceased operations): 7 Airbus A320-200.
    Key people: Vytautas Kaikaris, Kristijonas Kaikaris, Andrius Staniulis, and Halldor Sigurdarson
  14. Cobalt Air
    Headquarter: Nicosia, Cyprus
    Founded: 2015
    Ceased operations: 17 October 2018
    Fleet (shortly before ceased operations): 2 Airbus A319-100 and Airbus A320-200
    Key people: Petros Souppouris
  15. Primera Air or Primera Air Scandinavia A/S
    Headquarter: Copenhagen, Denmark
    Founded: 2003
    Ceased operations: 2 October 2018
    Fleet (shortly before ceased operations): 2 Boeing 737-800 and 5 Airbus A321neo
    Key people: Hrafn Thorgeirsson and Andri Már Ingólfsson
  16. VLM Airlines
    Headquarter: Deurne, Antwerp, Belgium
    Founded: 1992
    Ceased operations: 31 August 2018
    Fleet (shortly before ceased operations): 6 Fokker 50
    Key people: Johan Maertens
  17. SkyWork Airlines
    Headquarter: Belp, Switzerland
    Founded: 1983
    Ceased operations: 29 August 2018
    Fleet (shortly before ceased operations): 6 Saab 2000.
    Key people: Martin Inäbnit
  18. OneJet
    Headquarter: Cambridge, Massachusetts, United States
    Founded: April 6, 2015
    Ceased operations: August 29, 2018
    Fleet (shortly before ceased operations): 2 Embraer ERJ family and 8 Hawker Beechjet 400A.
    Key people: Mathew Maguire
  19. JETGO Australia
    Headquarter: Eagle Farm, Queensland, Australia
    Founded: 2011
    Ceased operations: 5 July 2018
    Fleet (shortly before ceased operations): 1 Embraer ERJ 140LR, 2 Embraer ERJ 135LR, and 2 Embraer ERJ 145LR
    Key people: Jason Ryder and Arron Mulder
  20. Saratov Airlines
    Headquarter: Saratov, Russia
    Founded: 1931
    Ceased operations: 30 May 2018
    Fleet (shortly before ceased operations): 1 Antonov An-148-100, 2 Embraer ERJ-195, and 5 Yakovlev Yak-42.
    Key people: Alexei Vakhromeev
  21. Nextjet
    Headquarter: Frösundavik in Solna Municipality, Stockholm, Sweden
    Founded: 2002
    Ceased operations: 16 May 2018
    Fleet (shortly before ceased operations): 1 ATR 42-300, 2 Bombardier CRJ200, 3 BAe ATP, 3 Saab 340A, and 6 Saab 340B.
    Key people: Magnus Ivarsson
  22. DART Ukrainian Airlines
    Headquarter: Kiev, Ukraine
    Founded: 1917
    Ceased operations: April 2018
    Fleet (shortly before ceased operations): 1 Airbus A319-100, 1 Airbus A321-200, 1 Boeing 737-400, 1 Bombardier Learjet 60, and 4 Airbus A320-200.
    Key people: Viacheslav Lysychenok
  23. PAWA Dominicana
    Headquarter: Santo Domingo, Dominican Republic
    Founded: 2003
    Ceased operations: February 2018
    Fleet (shortly before ceased operations): 1 McDonnell Douglas MD-82, 2 McDonnell Douglas MD-87, and 4 McDonnell Douglas MD-83.
    Key people: Gary Stone

Airlines That Have Gone Out of Business: Report 2018-2019

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Prof. Dr. Amarendra Bhushan Dhiraj

Prof. Dr. Amarendra Bhushan Dhiraj

Prof. Dr. Amarendra Bhushan Dhiraj is a media and technology executive, macro-economist, strategic thinker, chair, and chief executive officer of the CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Under Dr. Amarendra's leadership, CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders daily. Additionally, he serves as the chair and founding member of the CEOWORLD magazine’s Inclusion Advisory Board.

In his current role, he counsels and collaborates with c-suite executives of large multinational corporations, helping them drive change in their companies to improve their competitiveness. Dr. Amarendra has extensive experience in serving on numerous boards. He leads and supports a globally dispersed team of columnists, correspondents, editors, journalists, reporters, researchers, and industry analysts.

He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He also received his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. He earned his Master of Business Administration degree in Finance and his master’s degree in Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.

As CEO, he transformed the CEOWORLD magazine into a highly efficient, digital-first, profitable enterprise. Today, CEOWORLD magazine is a standard bearer for modern responsible journalism. Dr. Amarendra retains a strong desire to continuously improve his skills and abilities and believes that the first step to being a true leader is to inspire others to lead with you.

Prof. Dr. Amarendra Bhushan Dhiraj is the CHAIR, CEO, AND EDITORIAL DIRECTOR of the CEOWORLD magazine. Connect with him through LinkedIn.
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