Financial

Dubai’s state-owned carrier, flydubai, has announced that the continued grounding of the Boeing 737 MAX has put the carrier under unprecedented financial pressure, resulting in a January-to-June loss of US$53.6 million. Prior to the grounding, flydubai had anticipated expanding its current fleet of aircraft to 62, but instead this will only grow to 43 this

Having ceased all commercial operations and filed for bankruptcy protection earlier this month, leaving 19,000 travelers stranded, Aigle Azur, France’s second-largest carrier, has now closed down. Having immediately been put up for sale, those carriers who expressed interest in Aigle Azur included easyJet and Vueling, while confirmed bids to take over assets were received from

Slovenia-based Adria Airways has been forced to temporarily suspend operations on all but one of its routes as a consequence of a lack of liquid funds. The announcement comes only a day after the U.K.s Thomas Cook ceased all flights and entered into compulsory liquidation. The carrier will continue to operate between Ljubljana in Slovenia,

Thomas Cook, the world’s first and oldest travel agent, has gone bust, ceased all operations, and entered into compulsory liquidation early on Monday Morning, U.K. time. The fallout has left over 600,000 travelers across the globe requiring repatriation. In the U.K. alone there are over 150,000 Thomas Cook customers currently on foreign shores. The majority