Europe's economic recession has claimed another scalp with the collapse of Europe's first low-cost air-taxi company Bikkair because of its inability to secure additional finance. Leendert and Bas Bikker, founders of the Netherlands-based company, say: "One year ago our strong team introduced and launched an innovative mode of personal transport. Without a doubt we have proven this model to be successful and generated a serious market share. It is extremely unfortunate that our start-up phase coincides with the current crisis. Without the access to growth capital we are unable to make any other decision but to discontinue our operations."
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Source: Flight International
