Interim Airline Insolvency Review report published

One in 200 passengers will be affected by airlines going bust over the next 15 years: that is the prediction of an interim report by the Airline Insolvency Review. By the end of that spell, says the interim report, a typical airline failure could affect nearly 900,000 passengers, compared with half a million today – roughly the number caught up in the Monarch collapse. “This increase in affected passengers is driven by passenger demand growth and increasing insolvency risk,” says the report. Peter Bucks, the chair of the review, said the failure of Air Berlin at roughly the same time