|Tuesday, May 21, 2019
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Primera Air “devastated” after administration decision 

Another airline which operated flights from the UK to Spain has gone into administration.

Copenhagen-based Pri-mera Air ceased operations at midnight of October 1st after 14 years of operations.

In a statement, the board said: “This is a sad day for all the employees and passengers of Primera Air. The company has been working relentlessly during the last months to secure the long-term financing of the airline. Not being able to reach an agreement with our bank for a bridge financing, we had no other choice than filing for bankruptcy.”

The airline said there had been several contributory factors, including a ten million euro loss when one of their aircraft had to be rebuilt due to severe corrosion and leasing costs of over 20 million euros. Low prices and high fuel costs also added to the pressures.

“This is an enormous disappointment after the incredible hard work and dedication put into building the airline. The company wants to sincerely thank all its employees for their hard work and dedication, its clients for years of loyal support and its suppliers for their cooperation during the years,” said the company.