Blue Wings suspended operations yesterday, the Dusseldorf-based carrier announced on its website. "The developments of recent weeks and the tense overall economic situation in the aviation industry have forced us to take this step," the airline said. A spokesperson told German press that a re-launch was possible once "economic difficulties have been cleared." Blue Wings said last week that funds promised from investors had not arrived. It operated six A320 family aircraft (ATWOnline, Jan. 8).

Subscribe to Access this Entire Article

"Blue Wings shuts down" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.