MyAir-SkyEurope partnership didnt save them from collapse
In October 2008, when the two airlines agreed on a strategic partnership, MyAir and SkyEurope said the deal was aimed at increasing market share, rather than keeping them afloat. But later, in the summer, their financial instability became public.
The first one to throw the towel was MyAir. On July 22, 2009, the Italian Civil Aviation Authority suspended MyAir’s license.
Apart from 15 Italian cities, MyAir, established in 2004, flew to 15 international destinations, Romania included. MyAir was carrying 3,500 passengers weekly to and from Romania.
The Italian-based company carried around 400,000 passengers last year to and from Romania, a similar level as a year earlier. In the first half 2008, the number of passengers fell 34% to 165,000.
MyAir’s partner, failed to withstand any longer. SkyEurope was officially declared bankrupt on September 1 and suspended all its operations on severe financial instability.
The first one to throw the towel was MyAir. On July 22, 2009, the Italian Civil Aviation Authority suspended MyAir’s license.
Apart from 15 Italian cities, MyAir, established in 2004, flew to 15 international destinations, Romania included. MyAir was carrying 3,500 passengers weekly to and from Romania.
The Italian-based company carried around 400,000 passengers last year to and from Romania, a similar level as a year earlier. In the first half 2008, the number of passengers fell 34% to 165,000.
MyAir’s partner, failed to withstand any longer. SkyEurope was officially declared bankrupt on September 1 and suspended all its operations on severe financial instability.