Primera Air will cease operations within the next few hours, after failing to secure financing to maintain services.
The airline announced that Primera Air Scandinavia and its Latvian arm Primera Air Nordic would cease operations effective midnight on 2 October, citing a poor financial standing from the write-off of an aircraft from corrosion, delivery delays of the Airbus A321neo aircraft and resultant wet leasing, and being unable to secure long-term financing.
Primera Air was founded in 2009 by the Icelandic based Primera Travel Group. Back in 2017, it announced its ambitious plans for flights from London Stansted and Birmingham to New York, Boston, Washington and Toronto, as well as destinations in Spain and elsewhere in Europe.
While it underwent a fleet modernization with Airbus A321neo and Boeing 737 MAX jets, delays in delivery of some aircraft resulted in the airline having to cancel a number of flights, leading to loss of revenues.
“On behalf of Primera Air team, we would like to thank you for your loyalty. On this sad day, we are saying Goodbye to all of you,” the airline said in a statement.