Air Transport World

Aero Lloyd.(Europe)(Brief Article)

Once the biggest independent German charter carrier with 12% of the market, Aero Lloyd unexpectedly filed for insolvency last October. The collapse came after main creditor Bavarian state bank Bayern LB withdrew support and declined financing for a management-proposed restructuring of the faltering airline. It remains unclear whether stated plans by onetime leading Aero Lloyd executive Bogomir Gradisnik to restart the carrier under the name Aero Flight, pending a search for investors, actually will take shape. …

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