aerospace / news / / Daily Express
Ascend Airways began operations only two years ago.
Ascend Airways has surrendered its UK Air Operators’ Certificate and ceased operations after only two years.
KEY POINTS
- A lack of reciprocal wet leasing rights made Ascend's UK AOC more costly than EU certificates.
- Reliability issues with CFM LEAP engines increased maintenance needs and reduced aircraft availability at Ascend.
- Ascend Airways failed to secure summer wet-lease contracts as EU airlines operate at 40% lower cost.
- Parent group ASG is consolidating operations following the collapses of both SmartLynx and Maltese subsidiaries.
COMPANIES
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