Regular readers will remember this feature from previous versions of my blog. This year’s first candidate is Small Planet Germany, which has filed for bankruptcy this week. Now German bankruptcy law allows companies to continue operating under court-approved supervision in these circumstances, so nobody will get stranded.
The Small Planet group is structured with separate companies based in several different countries, and there is no suggestion that any of the other group companies are insolvent.
At the same time there may be an element of inter-group trading (there usually is) which might adversely affect the rest of the group. I would make sure I had airline failure insurance were I to book a ticket with any Small Planet airline, until the dust settles.
Lets hope there are no more airlines on the list this year.