Austrian short-haul budget carrier Level Europe said today it plans to file for insolvency, becoming the latest airline casualty of the coronavirus crisis despite the financial might of parent IAG.
The small airline, previously known as ANISEC, began operating in 2018. It has six Airbus short-haul jets and is part of IAG-owned Vueling Group.
Aer Lingus and British Airways owner IAG also operates a long-haul airline called Level, which is separate from Level Europe, an IAG spokeswoman said.
Level Europe blamed the Covid-19 pandemic for its move to cease trading, joining a growing list of airline failures after planes across the world were grounded for months during coronavirus lockdowns.