A UK airline which flies to destinations across Britain has filed a notice to appoint administrators which will affect more than 1 million passengers.
Eastern Airways which has around 1.3 million passengers annually will now have ten days to sort their issues or it will officially shutdown.
In March 2024 Eastern Airlines cancelled their routes between Cardiff to Paris and Orly in France, and this year the company announces they will start flights from Newquay, Cornwall to London Southend Airport.
In the year to March 2024 the airline reported net losses of £19.7 million, up by £4.8 million the previous year and their total debt rose £4.8 million to a whopping £25.97 million, profit plummeted to £454,000.
The Independent reported that aviation analyst Sean Moulton said, “Time will tell if any of these routes gets picked up but these will be fearful times for Humberside, Teesside, Wick and Newquay as Eastern operated their busiest domestic services.
“Regarding the Aberdeen flights: Loganair could be best placed to serve these routes, however, Eastern used 29-seater aircraft and Loganair would likely need to use much larger planes which could be unviable.”
