All European airlines have been caught in the eye of the economic storm, but smaller carriers are finding the turbulent market conditions harder to weather than their larger counterparts. This is illustrated in a recent study by Hamburg-based aviation consultancy firm Prologis that revealed a third of Europe’s regional airlines have disappeared over the last five years, with the number of carriers tumbling from 195 to just 130 since 2008, resulting in 12,000 job ...

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