XL Airways have announced that the airline so far has been unable to get an investor. As a result, XL will temporarily suspend its operations, as it tries to sort out the situation.
What happened to XL Airways?
XL Airways France was founded in 1995. They were first known as ‘Star Airlines’ until 2006. They offer flights from Paris Charles de Gaulle Airport to destinations mostly in the United States and the Caribbean, along with long-haul domestic flights to Reunion in the Indian Ocean. The airline was regarded as the pioneer of long-haul and low-cost air transport. They claim the carrier has been exposed to unfair competition from foreign carriers.
This suspension comes less than two weeks after the French airline stopped ticket sales due to financial issues. On September 19, 2019, XL Airways announced that it would stop selling tickets and will cancel some flights as the long-haul low-cost carrier entered a period of financial uncertainty.
Now they are suspending all their operations starting September 30, 2019, until October 3, 2019. Passengers who were booked to travel with XL Airways are advised either to search for alternative travel arrangements or contact their credit card company or their travel insurance provider regarding a refund. Tickets of the French airline during the suspension period are no longer valid and alternate flights have to be organized.
“In connection with the French civil aviation authorities, in great economic difficulty, XL Airways is unfortunately obliged to suspend all flights. The company XL Airways presents to all of its customers its sincerest apologies.” They wrote on their website
Is Norwegian to blame?
Another low-cost long-haul airline, Norwegian Air, is being blamed as an unfair competitor. Norway provides funding towards Norwegian. The French Minister of Economy and Finance, Bruno Le Maire said that public funds create unfair competition for everyone involved.
Earlier this month, Aigle Azur, another French airline, ceased flight operations just a few days after filing for bankruptcy. Aigle Azur was put under bankruptcy protection on September 2 and ceased operations four days later, stranding 19,000 passengers.
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About the author: Mila Kostic is a native of Belgrade, Serbia. After majoring in sociology at the Belgrade University she has been working as tutor and coach. Prior to taking on her role at Mighty Travels, she wrote for a video games, fitness, and health lifestyle website. After starting her work with the Mighty Travels team she discovered her passion for travel and travel writing. Now, she is focused on bringing you the newest travel news. In her portfolio here at Mighty Travels, you can find articles on Airline news, hottest credit card deals, tips and tricks on earning miles and much more. You can reach her at [email protected]
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