In the bankruptcy proceedings in which Level Europe is, the regional court of Korneuburg set up a subsequent examination statute. This will take place on January 20, 2021. Due to the corona pandemic, this will be held as a video conference.

A subsequent audit meeting is always required if creditors have registered their claims so late that they could no longer be negotiated in the general audit meeting. Level Europe was announced on Bankruptcy proceedings opened on June 19, 2020, because the carrier has come under pressure due to the corona pandemic and, unlike Austrian Airlines, has not received any state aid.

In the meantime, the fleet has been flown out of Vienna and was predominantly on the AOC of IAG sister company Vueling registered. With this one cooperated in the past with regard to the sales. The sister company OpenSkies, which operated long-haul flights from Paris-Orly as Level France, is also facing the end. The search for Investors was unsuccessful. Owner International Airlines Group wants to continue the cheap brand - operated by Iberia - only from Barcelona. The level long-haul flights have since been reactivated from the Spanish airport.