Travel Announcements

 

  • Airline Failure - Notification from MPI Brokers - Air Jamaica

Please be aware of the  information contained in the link show below.

http://jamaica-gleaner.com/gleaner/20090206/business/business7.html

  • Airline Failure - Notification from MPI Brokers - Austrian Airlines

Recent press reports have brought the following to our attention:

“Austrian Airlines Group executive board members Andreas Bierwirth and Peter Malanik said Friday in Vienna that the company does "not have enough reserves to get through the crisis" that helped push it to a €429.5 million ($550.3 million) loss in 2008, a reversal from the €3.3 million profit in 2007 and the worst result in its history.”

  • Airline Failure - Notification from MPI Brokers - Cape Verde Airlines

Please see below press release regarding Cape Verde and its technical insolvency.

http://www.macauhub.com.mo/en/news.php?ID=7161

  • Airline Failure - Notification from MPI Brokers - LOT Airlines 

News reports state that LOT Airlines may be on the verge of bankruptcy. Therefore cover for this airline is withdrawn with immediate effect.

Please see the following link for further information.

http://www.wbj.pl/article-45255-lot-could-soon-crash-land-into-bankruptcy.html?type=

http://www.polskieradio.pl/thenews/business/artykul107031_lot_on_the_edge_of_bankruptcy_.html

  • Airline Failure - Notification from MPI Brokers - Air Senegal 

News reports state that Air Senegal International has stopped operations and the majority shareholder Royal Air Maroc has grounded all remaining flights.

Please see the link below for further information.

http://in.reuters.com/article/fundsNews/idINLO96507620090424

  • Airline Failure - Notification from MPI Brokers OzJet 

News reports state that OzJet has been grounded.  Therefore cover for this airline is withdrawn with immediate effect.

Please see the following links for further information:

http://www.etravelblackboard.com/showarticle.asp?id=92466&nav=2

http://www.thewest.com.au/default.aspx?MenuID=77&ContentID=142961

  • Airline Failure - Notification from MPI Brokers - Aviacsa

News reports state that Aviacsa has been grounded.  Therefore cover for this airline is withdrawn with immediate effect.

Please see the following link for further information:

http://www.cnbc.com/id/31768621

  •  Airline Failure - Notification from MPI Brokers - MyAir

Press reports state that the Italian low-cost airline MyAir has been grounded by the Italian CAA following months of financial problems.

Cover is therefore withdrawn for this airline with immediate effect.

Please see the link below for further information.

http://www.forbes.com/feeds/ap/2009/07/22/ap6687680.html

 

 

 

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