Originally Posted by
WHBM
There were several airlines that went out of business in 2001 immediately after 9/11. Ansett Australia was one and Canada 3000 was another. It wasn't that they were in particular difficulties but any airline business that needed to refinance long-term loans in the normal manner in the weeks after 9/11 found that nobody in the financial business would touch them.
Iraqi Airways ceased operations at the time of the first Gulf War in 1991 and never got going again properly. Their mostly-Boeing fleet was dispersed to safety in various places round the Middle East at that time and much of it is still derelict in the weeds (probably in the sand actually) in places like Amman or Tunis unused 16 years later. They did acquire some more aircraft around 2003 but never restarted services seriously. In more recent times there have been a few services under their brand started yet again using chartered aircraft.
Ansett Australia was up sh*t creek way before 9/11, infact, if I remember correctly it was on 12 November 2001 (in Australia, 11 September in US) that the airline announced it had been grounded. It was a shame the awful events happening that day overshadowed the demise of this great airline.
And wasnt Compass Mark II an airline of the 90s after the failed Compass Airlines went under.. I think perhaps you are referring to Ansett Mark II in the 2000s???