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Page added on August 29, 2008

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Zoom airline collapses and halts all flights

Hundreds of passengers were stranded at airports in the UK yesterday after Zoom, the low-cost transatlantic airline, suspended all operations after failing to pay its bills.


The Anglo-Canadian airline, which employed 600 people, said yesterday that it would declare itself insolvent, blaming high fuel costs for its losses.


The fate of the airline was in jeopardy all day as planes were grounded and creditors attempted to seize assets.


A Zoom flight from Glasgow to Halifax and Ottawa was grounded by BAA, the airports operator, yesterday for non-payment of European and British air traffic control fees, stranding 205 passengers.


Times of London



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