The airline's owner, Air New Zealand had to be bailed out by the New Zealand government to avoid bankruptcy following Ansett's collapse.



The Chicago-based airline was able to survive the surge in fuel prices and the drop in passenger traffic resulting from the Gulf War. Reuters The carrier ceased operations in October 2017 after major shareholder Etihad Airways declined to continue financial support of the money-losing airline. Founded in 2012, the Icelandic ultra-low-cost carriers collapsed in March 2019 after failing to secure new investment from Icelandair and private equity firm Indigo Partners. Midway Airlines began flying in 1979 following the deregulation of the US airline industry. But according to Tajik Air is Tajikistan's national carrier.



Founded in 1946, Malev was Hungary's national airline until it ceased operations in February 2012 after the Hungarian government declined to continue funding the loss marking carrier. By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider AP Photo/Wally Fong



This is a list of airlines which are currently out of service and/or out of business in Uganda, as of May 2019. REUTERS/Eliana Aponte Air Italy The airline was sold off in 2012 following BMI's acquisition by British Airways. Julio Cortez/AP Interflug shut down in February 1991.

Unfortunately, the airline could not sustain the business and collapsed under the weight of £270 million of debt in February 1982.


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