Austrian low-cost airline Level Europe files for insolvency
VIENNA, Austria – The Austrian low-cost airline Level Europe announced on Thursday, June 18, it was filing for insolvency and would not resume flights which had already been suspended since March due to the novel coronavirus pandemic.
"Level Europe has been impacted by the unprecedented crisis caused by the COVID-19 pandemic," the airline said in a statement, adding that it had "ceased trading with immediate effect."
"Once insolvency proceedings are filed, an Austrian court will appoint an administrator," the statement added.
Around 200 jobs in Vienna are thought to be at risk, along with roughly 40 in Amsterdam.
Level Europe was designed to serve short- and medium-haul routes within the continent.
IAG also runs long-haul flights using the Level brand from Paris and Barcelona which are not affected by Thursday's announcement, the company said.
Aviation has been one of the sectors most severely hit by the coronavirus pandemic, with many carriers having to file for bankruptcy, implement hefty cuts, or ask governments for huge public rescue plans. – Rappler.com