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Another airline declared bankrupt, all flights off

If an airline does not voluntarily file for bankruptcy, it may also lose its air operator certificate (AOC) due to its financial situation.

In the US, the certificate that allows an airline to sell and operate flights is issued by the Federal Aviation Administration (FAA) and requires the owner to prove that it has the necessary aircraft, personnel, security systems and financial resources to operate a functional airline over time.

Recently, charter airline Tailwind Air lost its AOC in January 2025 after struggling to provide necessary traffic on its routes between Northeastern cities such as New York and Boston.

Houston-based charter airline Starflite Aviation has been canceled after regulators alleged that the company’s owners falsified flight records of the pilots they hired to bypass security checks.

In December 2025, charter airline H-Bird lost its AOC after Swedish aviation regulator Transportstyrelsen revoked it due to the airline’s poor financial situation.

The airline has now been officially declared bankrupt by a local judge. ch-aviation. Founded in Stockholm in 1991, H-Bird has been operating corporate, charter and ambulance flights to remote parts of Sweden and nearby Scandinavian cities using a fleet of Cessna aircraft for more than three decades.

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Although few details about the private company’s finances have been made public, H-Bird likely struggled to find enough high-spending passengers to book the flights necessary to offset the high cost of aviation.

The airline has not operated any flights since January 2026 after losing its AOC. It is unclear whether the airline will be given time to seek investors and restructure or will go straight into liquidation. Unless he gets his license back, he won’t be able to fly in the near future.

H-Bird operates flights from Stockholm to more remote parts of Sweden and other Scandinavian countries.Shutterstock · Shutterstock

“Our aircraft seat up to eight passengers and offer personal service and first-class food,” H-Bird said. currently writing on his website original Swedish. “With our easily accessible bases in Bromma, Norrköping and Oslo, we fly throughout the Northern European region and Europe. We provide door-to-door transportation and our experienced pilots fly you wherever you want.”

  • Spirit Airlines (Spirit Aviation Holdings, Inc.): Application has been made Chapter 11 bankruptcy for the second time 29 August2025.

  • Ravn Alaska: Activities were stopped August 2025 after previous Chapter 11 proceedings; ceased flights and was incorporated into other operations such as New Pacific.

  • Corporate Air: Application has been made Chapter 11 bankruptcy (restructuring) September 2025 as part of a planned sale Bondoro.

  • Play Airlines: The Reykjavik-based airline ceased operations and entered involuntary bankruptcy. September 2025.

  • Braathens Airlines: The airline was forced to file for bankruptcy and canceled all flights inside September 2025.

The rising market for jet fuel and operating costs, as well as increased competition for certain routes, have created a particularly challenging environment for many low-cost airlines.

Other smaller airlines to close in the last 12 months include British regional carriers Eastern Airways and Blue Channels, Swedish airline Braathens Aviation and Icelandic low-cost carrier Play Airlines.

Related: Another travel company files for bankruptcy, cancels all trips

This story was first published by . Street First appeared on April 3, 2026 Trip section. Add TheStreet at: Preferred Source by clicking here.

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