Will Volare be the next one on the list.....
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Will Volare be the next one on the list.....
Following reports in Italy, Volare needs an urgent 30 Million Euros within the next month. The passiva should reach 90 million by end 2005 and an increase in the companie's capital of 60 million is needed.
After V Bird the next one to dissapear !!
http://www.tourmag.com/index.php?action ... icle=75834
After V Bird the next one to dissapear !!
http://www.tourmag.com/index.php?action ... icle=75834
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- Posts: 390
- Joined: 11 Oct 2004, 00:00
- B744skipper
- Posts: 1509
- Joined: 21 Apr 2004, 00:00
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- Posts: 390
- Joined: 11 Oct 2004, 00:00
Woah have they gone bankrupt then??? Or is this a random prediction!
It's sucks if they have gone bankrupt because they have 3 great schemes in the group, Volare, Volare Web and Air Europe...
Maybe all the new budget airlines in Italy are cutting them on their non low fare flights ... JetX, Windjet etc ...
It's sucks if they have gone bankrupt because they have 3 great schemes in the group, Volare, Volare Web and Air Europe...
Maybe all the new budget airlines in Italy are cutting them on their non low fare flights ... JetX, Windjet etc ...
- B744skipper
- Posts: 1509
- Joined: 21 Apr 2004, 00:00
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- Joined: 04 Jan 2004, 00:00
LX-LGX ,if you click on the link attached to my first post ( Tormag-article ) you will learn that Volare had a passiv of more than 320 Million Euro in March this year.Now they announced today they cancel their alliance with HLX for flights between Germany and Italy,without offering alternatives.
They are in deep,deep trouble and I don't give them very much time to sort things out....
They are in deep,deep trouble and I don't give them very much time to sort things out....
Gentlemen (m/f), you're right: it doesn't look good for Volare. But I wanted to say that there is not a single plane grounded yet because of an unpaid fuel invoice, and that I prefer facts above rumours to make that klind of conclusion.
What about the top-3 in the States ? How many time have they've been flying under protection of Chapter 11? Do you know how many of these three are actually protected from bankruptcy? Take a guess!!
The story in TourMag states that Volare will have a hughe problem by March 2005, if they're unable to attract new funds from an investor. But the story also cleared that their situation is improving.
Would I by Volare shares ? No - non - njet - nein - nee.
Would I buy a return ticket on Volare ? No, I prefer SNBA's coffee and vegetables.
What about the top-3 in the States ? How many time have they've been flying under protection of Chapter 11? Do you know how many of these three are actually protected from bankruptcy? Take a guess!!
The story in TourMag states that Volare will have a hughe problem by March 2005, if they're unable to attract new funds from an investor. But the story also cleared that their situation is improving.
Would I by Volare shares ? No - non - njet - nein - nee.
Would I buy a return ticket on Volare ? No, I prefer SNBA's coffee and vegetables.