Jetsgo no more

[StrutterGunner]

Well, Canadian carrier Jetsgo went belly up this morning, stranding a few thousand people at least. Unfortunate, a friend of mine is one of the senior pilots at Jetsgo..looks like he's out of a job now. Yet another example of the volitility of todays airline business...

[Nexus]

Didn't Zip go bankrupt not too long ago aswell?
Quite the blow to Canadian LCC's  :(

[chomp_rock]

Oh well, expect to see more of this in the future, with oil prices rising and increased competition among LCCs some airlines will not last much longer.

[Saratoga]

Yep. A lot of the majors have enough money they can just keep throwing in to keep ticking. It's much easier for the small airlines to just throw in the towel though.