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Stock impact report

A regional airline is reassuring travelers it will not go the way of bankrupt competitor [TheStreet.com]

Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares (RYAAY) 
US:NASDAQ Investor Relations: investor.ryanair.com
Company Research Source: TheStreet.com
months when it suddenly canceled all of its flights to Scotland and Northern England. While not officially in bankruptcy, the East Midlands-based carrier established in 1997 asked a court to give it 10 days to seek funding instead of going straight to liquidation; a number of its aircraft have already been seized by lenders. “All Eastern Airways operated flights are canceled,” the British Civil Aviation Authority ( CAA ) said in an Oct. 27 note to passengers. “Therefore, please do not go to the airport as flights will not be operating.” Regional airline Aurigny tells travelers it is fine The abrupt shutdown left hundreds of travelers in different parts of the United Kingdom temporarily stranded and competitors like Dublin-based Ryanair offering rescue fares to those affected. With Eastern Airways brought down by the high cost of aircraft leases relative to lack of traffic in less-populated parts of the United Kingdom, one regional airline based in the United Kingdom's Guerns Show less Read more
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