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It started with a Swiss court in October to declare bankrupcy proceeding against PrivateAIr after a vendor asked the court. PrivateAir responded it was a mistake and managed to operate for another month and a half. Today on December 5, PrivateAir asked a Swiss Court to continue bankruptcy proceedings.
The chief executive of Tui Travel, owner of Thomson holidays, has warned that more small travel firms are likely to collapse into administration, as the tour operator unveiled a jump in third-quarter
Spanish firefighters saved a 23-year-old German tourist from being buried alive on a Tenerife beach on Wednesday after a tunnel he built in the sand collapsed.
Recent floods that made around 20 million people homeless in Pakistan also collapsed the tourism industry in a country that was already becoming fragile due to a bad law-and-order situation.
If holidaymakers heading abroad were in any doubt of the need to have their trips fully financially protected, then the collapse of London-based Kiss Flights should have convinced them.
Virgin Atlantic denied withholding evidence from a price-fixing trial of airline executives, which collapsed yesterday amid bitter recriminations.
Allbury Travel, which specialised in holidays to Greece and Cyprus, has gone bust and left 100 customers overseas. Its demise follows the collapse of Scottish airline Globespan last week.
ANTANANARIVO - Madagascan tourism may collapse if political foes stay locked in a bitter power struggle that has killed around 125 people, the industry warned on Monday.
BERLIN – The global aviation industry will face major challenges in 2009, with sharply fluctuating oil prices and jet fuel costs, the crises affecting capital markets, overcapacities, and climate pr
Hundreds more British tourists have been left stranded abroad tonight following the collapse of a second travel company.
Seguro Holidays, which flies holidaymakers from airports in Kent and Ayrshire, has gone into administration.
The carrier, which carried 500,000 passengers a year, became the latest victim of soaring fuel prices and the growing crisis in the aviation industry.
The body that helps to bail out holidaymakers when travel companies go bust has warned that many tour operators could be heading for collapse this year.
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