Airline collapses
New airline Fly Olympic AB, which was selling flights from London to Africa via Sweden and Greece, has cancelled all its services and filed for bankruptcy.
It claimed that after two weeks of trying to find a solution to its financial difficulties, it has decided to throw in the towel.
It blamed a new operation to Africa which ‘performed dramatically below all reasonable expectations’ for the failure.
It offered flights from Gatwick to Eritrea and Somalia via Stockholm and Athens, which were featured on Skyscanner, but it began cancelling services several weeks ago leading to speculation that the airline, which launched in February, was a scam outfit.