European Aviation Goes Into Administration

Bournemouth based charter carrier European Aviation became the latest casualty of the economic crisis yesterday after it called in the administrators. Staff where told yesterday that the company had run out of funds and that the bleak summer and winter had not helped improve the companies funds.

The airline was launched in 1989 after Australian businessman Mr Stoddart saw a gap in the market for an ad-hoc charter airline. European employed around 270 workers in March last year, operating ad hoc charter services, VIP flights and inclusive-tour and sub-charter flights. Staff are currently being told what the future holds, however they are being told not to turn up for work.

Palmair which lease a Boeing B737-200 aircraft from European Aviation said that business would continue as usual and that they are currently looking for another aircraft the lease.