Greece: Orange2Fly files for bankruptcy

A320 in wet lease operation for Corendon (Photo: V1Images.com/Menyhért Kristóf Bence).
A320 in wet lease operation for Corendon (Photo: V1Images.com/Menyhért Kristóf Bence).

Greece: Orange2Fly files for bankruptcy

A320 in wet lease operation for Corendon (Photo: V1Images.com/Menyhért Kristóf Bence).
Advertising

The Greek charter airline Orange2Fly is broke. The carrier had to file for bankruptcy with the competent court in Athens.

The carrier was founded in 2015 and most recently had four Airbus A320s in operation. The turnover in 2020 was 11,5 million euros. The carrier posted a net loss of 3,7 million euros.

Overall, losses accumulated in the amount of 9,5 million euros. With creditors, Orange2Fly is said to be in the chalk with 11,6 million euros. Furthermore, it is said by credit protection associations that the airline has no outstanding bank loans. Whether the small airline can continue or not is still open. First of all, an insolvency administrator will take the lead and get an overview of the actual situation.

Leave a Comment

Your e-mail address will not be published.

This website uses Akismet to reduce spam. Learn more about how your comment data is processed.

Editor of this article:

Jan Gruber is Senior Editor at Aviation.Direct. Before that, he had held the same position at AviationNetOnline (formerly Austrian Aviation Net) since 2012. He specializes in low-cost carriers, regional aviation in the DA-CH region and in-depth research.

Nobody likes paywalls
- not even Aviation.Direct!

Information should be free for everyone, but good journalism costs a lot of money.

If you enjoyed this article, you can check Aviation.Direct voluntary for a cup of coffee Coffee trail (for them it's free to use).

In doing so, you support the journalistic work of our independent specialist portal for aviation, travel and tourism with a focus on the DA-CH region voluntarily without a paywall requirement.

If you did not like the article, we look forward to your constructive criticism and / or your suggestions for improvement, either directly to the editor or to the team at with this link or alternatively via the comments.

Your
Aviation.Direct team
paywalls
nobody likes!

About the editor

Jan Gruber is Senior Editor at Aviation.Direct. Before that, he had held the same position at AviationNetOnline (formerly Austrian Aviation Net) since 2012. He specializes in low-cost carriers, regional aviation in the DA-CH region and in-depth research.

Nobody likes paywalls
- not even Aviation.Direct!

Information should be free for everyone, but good journalism costs a lot of money.

If you enjoyed this article, you can check Aviation.Direct voluntary for a cup of coffee Coffee trail (for them it's free to use).

In doing so, you support the journalistic work of our independent specialist portal for aviation, travel and tourism with a focus on the DA-CH region voluntarily without a paywall requirement.

If you did not like the article, we look forward to your constructive criticism and / or your suggestions for improvement, either directly to the editor or to the team at with this link or alternatively via the comments.

Your
Aviation.Direct team
paywalls
nobody likes!

Leave a Comment

Your e-mail address will not be published.

This website uses Akismet to reduce spam. Learn more about how your comment data is processed.

Advertising