Bancrupt News

Start-Ups Powdair facing financial problems

Start-up airline Powdair has announced it is facing financial problems as the most important investor gave up for personal reasons. The carrier states that the management could be forced to postpone the start of operations if no new investor is found in the next days. If the virtual airline does not find an investor for at least 1 million pounds until the end of this week it will not commence operations. 

Airlines easyJet in talks with Air Berlin

Several newspaper report, British low-cost carrier easyJet is in talks to buy assets from insolvent German carrier Air Berlin. EasyJet declined to comment on this matter.

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