Type
Bankruptcy
Country
Germany
Region
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Air Transport
51 - Air transport

1,400 jobs
Number of planned job losses
Job loss
Announcement Date
16 October 2003
Employment effect (start)
Foreseen end date

Description

The Bayerische Landesbank refused to take necessary financial measures in order to save Aero Lloyd. The company which declared its insolvency, employes 1,400 workers in Germany.


Sources

  • 16 October 2003: Financial Times Deutschland
  • 16 October 2003: Der Standard

Citation

Eurofound (2003), Aero Lloyd, Bankruptcy in Germany, factsheet number 60089, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60089.