French business class airline Fairlines has finally been liquidated by the French commercial court after the carrier amassed debts of Fr460 million and failed to make payments on its two leased aircraft. Fairlines, which began operations between Paris and Nice on 19 January 1998, was placed under "observation" by the court in October after consistent losses.
The carrier's business policy centred on providing first and business service to passengers, but passenger load factors seldom rose above 30%, leaving the airline with insufficient cash flow.
Source: Flight International