Belle Air stated (25-Nov-2013) it "is obliged to temporarily suspend its operations due to the general economic situation, the decline of the purchasing power, recession in the markets it operates as well as from the freezing for over 18 days of its bank accounts." The carrier said it will start a restructuring process, and will aim "to return with lower prices and quality service in the Albanian Market." Customers with valid Belle Air tickets will be able to purchase a new ticket with Blue Panorama Airlines at a "special adjusted price", or seek a refund. [more - original PR] [more - original PR - ENAC - Italian] [more - original PR - ENAC - Italian - II] [more - original PR - SAT - Italian]
Belle Air suspends operations citing 'general economic situation'
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Wizz Air: city pair overlap with Ryanair on one third of seats. Opportunities for both; CASK crucial
Wizz Air and Ryanair are Europe's two lowest cost airlines, and most profitable airlines by operating margin. Together with Pegasus they form a small group of European ultra-LCCs. Unlike Pegasus, whose business concentrates on Turkey-Europe and domestic Turkey, both Wizz Air and Ryanair have bases in several countries.
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