Greece’s Astra cancels flights as it struggles for funding amid closure rumours

Greek regional airline Astra has cancelled all flights amid speculation that it has financial struggles. The airline has not commenced any flights since 9 November, it had hoped that a bailout from the Greek government would help – but it hasn’t. Local reports suggest that in order to remain in operation, the airline is looking for a new investor to provide funding – this looks doubtful because of the large amount of competition in the Greek market. Speculation suggests that Astra may be forced to cease operations permanently. Astra was co-founded by Ioannis Zlatanis, founder of Interaviator Ltd, and Anastasios Zirinis,