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Thread: Major German airline Aero Lloyd goes out of business
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Old Oct 16, 2003 | 6:51 am
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tom911
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More than 8,000 passengers are stranded around Europe and the Mediterranean after banks pulled the plug on German charter airline Aero Lloyd.
The now-insolvent carrier is 66%-owned by BayernLB, the Bavarian state bank.

But on Thursday the bank said it would no longer underwrite Aero Lloyd.

Passengers booked through travel agencies would have to be re-booked onto other airlines, Aero Lloyd said, while those it had booked itself would have to make their own arrangements.

BBC news link
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