Peruvian Airlines has suspended operations after the airline's bank accounts were frozen by Peru’s tribunal fiscal, preventing it from paying fuel suppliers. The move took effect following discrepancies in tax values the airline should have paid for two Boeing 737 aircraft. The issue arose as Peruvian Airlines was claimed to have had presented tax reports for two aircraft citing a lower value than their real value, resulting in lower taxation for those assets. Peruvian law considers the import of aircraft…
The U.K.'s Flybmi is the latest airline to cease operations following an announcement on the airline’s website last weekend. The news brings an end to the British Midland franchise that dates back to the 1960s and misery to thousands of passengers due to fly out this weekend at the beginning…
Earlier this week, AirlineGeeks reported that Larnaca-based Cobalt was experiencing financial trouble. The airline’s website has just been updated to inform passengers that all future flights have been suspended indefinitely. The airline’s main stockholder is AJ Cyprus, a company owned by Avic Joy Air, a Chinese company. With 49 percent…
