Slovak carrier Seagle Air is to suspend charter flights from tomorrow after running into financial problems.
The carrier, based in Trencin, operates a fleet of six jets - comprising four Boeing 737-300s and two Airbus A320s - which are owned by lessors including CIT and AWAS.
Seagle Air chief Peter Hanak blames the suspension on an Italian company, SkyOne Italy Airlines, which he accuses of failing to meet contractual financial agreements.
"Failure of financial coverage by this Italian company led us to suspend flights, due to a lack of funds," says Hanak, adding that the airline's management is "intensively" working to deal with the problem.
"We have informed all travel agents with whom we have contracts about this situation."
SkyOne Italy Airlines could not immediately be reached for comment.
Seagle Air was established in the mid-1990s, when its flight operations primarily centred on mail contracts with turboprops, and the company subsequently branched into executive jet services.
It created the charter airline arm two years ago, initially taking delivery of its first large jet, a 737-300, in December 2007. Seagle Air expanded its fleet to include A320s in April this year.
Seagle Air is the second Slovak airline to run into trouble in as many months, following the collapse of SkyEurope Airlines at the beginning of September.