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Jetsgo no more
Posted:
Fri Mar 11, 2005 6:59 pmby 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...
Re: Jetsgo no more
Posted:
Fri Mar 11, 2005 7:33 pmby Nexus
Didn't Zip go bankrupt not too long ago aswell?
Quite the blow to Canadian LCC's :(
Re: Jetsgo no more
Posted:
Fri Mar 11, 2005 9:51 pmby 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.
Re: Jetsgo no more
Posted:
Sat Mar 12, 2005 9:12 pmby 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.