Airlines Small Planet Airlines Poland enters restructuring

  • Small Planet Airlines

Small Planet Airlines Poland has announced, that the carrier has entered into a restructuring process under the Polish law.

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This step was decided to be made as important part of business administration changes in the Small Planet Group. With the restructuring programme, the leisure carrier hopes to reduce the number of aircraft in its fleet. That will reduce operational costs and could potentially attract additional financial investments.

Bartosz Czajka, CEO of Small Planet Airlines said: “Small Planet Airlines Poland holds EU Air Operator’s Certificate, has many years of experience serving the biggest Polish tour operators and worked with almost 100 experienced pilots and 300 cabin crews during this summer season.”

The company has already started to reduce the number of aircraft in the fleet. However, it will still perform the flights of the summer season programme. After the summer, the demand normally drops significantly in the local market.

Currently, Small Planet Airlines Poland is operating with a fleet of 10 aircraft, including Airbus A320 and A321 aircraft. The airline served leisure destinations from Poland cities to destinations like Zakynthos, Rhodes, Heraklion and many more.

Small Planet Airlines stated, that restructuring the Polish division will have no effect on the flights from Small Planet Airlines Lithuania. This subsidiary airline will continue to fly from its Vilnius base. The Cambodian division will not be affected as well.

Recently, the Small Planet Group had to announce, that its German subsidiary airline Small Planet Airlines Germany had to cease operations over the course of a restructuring process. The airline experienced too heavy financial losses, that forced the Germany company to file for bankruptcy. After Air Berlin´s end of operations, Small Planet heavily invested in its Germany subsidiary airline.

Source © smallplanet.aero

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