This past week saw yet another airline cease operations and, bucking the trend, an airline announce plans to start up. Closing up shop was Air Australia, a Brisbane-based carrier. They simply ran out of cash and shut down. They’ve advised customers to seek refunds through the appropriate means. Launching in Europe is Volotea. The carrier will be headquartered in Barcelona and is being run by former Vueling executives who have actually secured about $65mm in funds to run the operation. They plan to base their fleet of Boeing 717s – mostly from bankrupt Mexicana – in Venice and "to forge new and efficient air connections between Europe’s small and mid-sized cities currently not well served by direct flights." Going after secondary markets is a risky move but they seem to think it has a chance.
And, let us not forget the announcement of PEOPLExpress starting up again, based in Newport News, Virginia.