Airline failures are at a record high in 2019, but Nigeria's Green Africa Airways moves closer to launch
Airline failures are at a record high in recent history, with 17 airlines having exited the business, according to consultancy IBA. While affected companies were global, from Avianca Brasil to India’s Jet Airways, most examples have been in Europe. They range from big leisure operator Thomas Cook to smaller peer XL Airways, specialist Aigle Azur and Slovenian flag carrier Adria Airways.
Amidst the gloom, there are still start-ups. There are a number in high-growth Asia, including regional markets other than mainland China. While the deal is not an official order, it is rare for start-ups to place high-profile orders. Boeing has usually been reluctant to get involved with start-ups, in comparison to Airbus that succeeded in its partnership with A320 family operator JetBlue but saw other A320 family operators – Skybus, Independence Air – go bust.
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