Livingston Compagnia Aerea (2nd) (New Livingston) (Milan-Malpensa) finally suspended operations on October 6 after fighting an uphill battle the past few months. The airline issued this statement:
New Livingston, the airline specialized in charter flights, suspends all its flight activities as from October 6. It was a difficult and painful decision, after three years of operations.
New Livingston, a privately owned Italian carrier operating domestic and International flights, was forced to suspend all activities due to the difficult situation in the tourism industry, especially regarding the turmoils in the Mediterranean region and Egypt, as a result of the Arab Spring, and the drastic reduction in demand for flights to Russia due to the ongoing political crisis.
A sharp drop in revenues is attributable also to some unpaid claims such as those of Aeroporto di Rimini, whose amounts for ticket sold were never transferred to the airline and on which the property relied for its revival.
Due to all the above, in addition to the atypic rigidity of some Italian organizations and companies, New Livingston could not carry on its activity, despite all efforts made to continue the operations, both through corporate restructuring and the petition for Concordato in Continuità, in addition to significant investments made by the property.
The intention to suspend the flight activities was previously submitted to the attention of the Court of Busto Arsizio, thus to preserve the company’s assets.
The airline commenced operations on march 31, 2012.
Copyright Photo: Rob Skinkis/AirlinersGallery.com. Airbus A320-232 EI-EUB (msn 1998) arrives at Manchester before the shutdown.