Air Transport World

Duo.(Europe)(Brief Article)

The demise of the UK carrier confirmed the prediction that Europe's low-cost airline landscape would see casualties in 2004. Duo ceased to trade and stopped all flight operations in early May because "revenues had not been as high as anticipated, and although bookings had been growing, additional funds were required," administrators from Deloitte said.

Duo was formed in June 2003 following a management buyout of Maersk UK. …

Log in to your account to read this article – and millions more.