Air Transport World

Aero Lloyd.(Europe report)(charter airline shuts down)(Brief Article)

Aero Lloyd, the biggest independent German charter carrier with 12% of the market, shut down and filed for insolvency Oct. 16 after its main creditor and 66% shareholder, Bavarian state bank BayernLB, withdrew support and declined to provide financing for a management-proposed restructuring of the struggling airline. …

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