I have been looking into the airlines that have gone out of business in 2008, the list is certainly growing, if i have missed any i would welcome any input

08/01/2008 BRTJ BritishJet.com
23/01/2008 CST Coast Air
14/01/2008 FFP Prima Charter
11/02/2008 VID Aviaprad Airlines
18/03/2008 DHI Adam Air
25/03/2008 QSC African Safari Airways
31/03/2008 JAA Japan Asia Airways
29/04/2008 NTW Nationwide Airlines
28/04/2008 AAH Aloha Airlines
02/04/2008 AMT ATA Airlines
27/04/2008 ESS Eos Airlines
09/04/2008 OHK Oasis Hong Kong Airlines
20/04/2008 VCX Ocean Airlines
07/04/2008 SKB Skybus Airlines
05/04/2008 SYW Skyway Airlines
11/04/2008 SWX Swazi Express Airways
13/05/2008 AOL Angkor Airways
09/05/2008 EMX Euromanx
13/05/2008 FEA Far Eastern Air Transport
30/05/2008 SLR Silverjet
31/05/2008 CCP Champion Air
13/08/2008 GCO Gemini Air Cargo
04/08/2008 SER Aerocalifornia
28/08/2008 OOM Zoom Airlines
28/08/2008 UKZ Zoom Airlines (UK)
09/09/2008 FUA Futura International Airways

09/09/2008 FGL Futura Gael
12/092008 XLA XL Airways UK

15/09/2008 APKX Air Pack Express

17/09/2008 Dalavia Russia

06/10/2008 Galaxy Airlines (Japan)

09/10/2008 Lagunair Spain

16/10/2008 Flysur Spain

17/10/2008 LTE Spain

18/10/2008 Hansung Airlines

21/10/2008 Aladia (Mexico)

29/10/2008 Sterling Airways

31/10/2008 Air Comet (Chile)

31/10/2008 Kras Air

08/11/2008 Alma (Mexico)

11/11/2008 Inter Airlines (Turkey)

01/12/2008 Siem Reap Airways Intnl

01/12/2008 European Air Charter (UK)

03/12/2008 Flightline (UK)

11/12/2008 Yeongnam Air (South Korea)

Airline Bankruptcies Set To Double

(Reuters)

Looks like you can add LTE to the list.  They suspended all operations this morning.

Another one bites the dust....

Titch

Hansung Airlines, Korea's first low cost carrier, has cancelled all flights from Saturday.

The company announced Friday it would halt operations on both of its routes from Gimpo to Jeju and Cheongju to Jeju.

Since launching in the summer of 2005, Hansung has chalked up a deficit of some W27 billion (US$1=W1,303), which company representatives attribute to surges in oil prices, the weakening won, and failure to raise new funds.

The carrier has sold tickets for flights up to January of next year, but has failed to confirm whether it will refund tickets or arrange alternative flights for its customers.

Source: Arirang News

BritishJet.Com was never really an airline. It was simply a brand name. They operated a single MD90 leased from Hello AG of Switzerland and operated on their AOG. For a time their callsign was BritishJet and the operator designated itself the code BJC, but this was soon revoked by the civil aviation department and the flights operated under the Hello (FHE) callsign henceforth.

And yet another one goes...Aladia (Mexico) suspended operations 21/10/2008...they operate 3 x 757s on charter routes

Russian Airlines feel the pinch

Russia's aviation authority is suspending the flights of none regional airlines, due to unpaid their bills 

The authority, known as Rosaeronavigatsia, is owed between 10,000 and 19m roubles ($726,000;£416,000) by each carrier.

The suspension will come into effect on 17 October.

The airlines affected include Interavia and Dalavia, both of which fly to the Far East and Asia.

The other airlines stopped from flying are Aeroshchit, the Bugaruslan Flying School, Irkutsk Aeroclub ROSTO, Omskavia, Tesis and Ulan-Ude Aviation Plant Vyborg.

A statement from the authority said: "Despite repeated appeals from Rosaeronavigastia to the management of these companies, they currently have considerable unpaid debts."

Source BBC news

Another 2 airlines to add to the growing list above

Air Comet (Chile) ceased ops 31/10/2008

Kras Air ceased ops 31/10/2008

Alma (Mexico) becomes latest Mexican carrier to cease ops 

Mexican regional carrier ALMA has ceased operations and filed for bankruptcy, citing the global economic crisis, the increase in fuel prices and the devaluation of the Mexican peso.

ALMA, which has operated domestic flights in Mexico since 2006 using a fleet of 50-seat Bombardier CRJs, is suspending all operations immediately. The airline states that it is bankrupt and is seeking court protection.

Inter Airlines (Turkey) has become the latest carrier to cease operations on the 11/11/2008, and plans to return the three Airbus A321s in its fleet.

The Antalya-based carrier was established in 1999 and began operating flights in April 2002 with Boeing 737-800 aircraft.

Another UK operator ceased trading this morning European Aviation Air Charter based at Bournemouth

Fleet consists of 6 x 737-200s some have been parked for a while

 Not the first time they have gone bust, maybe they can re-invent themselves again?

pity, weren't they the worlds 3rd best airline or something like that ???

Kev 

And yet another British Airline ceased operations today, Flightline of Manchester cease trading at 7am this morning 03/12/2008