Airways (BA) Italian franchise partner National Jet Italia (NJI) has suspended
all flight operations after running into financial problems during its
transition to new ownership.
commenced operations for BA in July last year, and has primarily acted as a
domestic feeder to BA international operations. A spokeswoman for BA says: “NJI
has today suspended operations with immediate effect. We understand it has
encountered difficulty in securing adequate funding to sustain its business.”
flights will remain suspended until further notice, she adds, and the airline
will not accept further bookings. BA says it is reassuring passengers booked on
NJI flights that it will re-book them on alternative routes.
the suspension, NJI insists that the company is not bankrupt and that it is not
intending to close the operation. A spokeswoman for the carrier says: “We have
had difficulty in obtaining new funding for the continuation of our business.
We are still discussing this with creditors.”
says that the airline is having problems securing financing from banks because
of the downturn in the air transport industry. Last month NJI grounded both its
leased Boeing 737-400s and cut its Rome-Nice and Rome-Athens routes as a result
of the economic crisis.
the suspension the carrier had been operating four British Aerospace 146-300s -
all of which it owns - on routes from Rome to Genoa, Catania, Palermo and
has undergone two changes of ownership in the past few months. Its latest
owner, Dutch group Nikoram Holding, is currently acquiring the airline from
Aviation Partners Worldwide (APW), which itself took over NJI only last August.