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Zoom Airlines suspends all flights

Thursday 28 Aug 2008 8:37pm

In an announcement by Zoom Airlines a few hours ago, they have announced that they have suspended ALL flights and their aircraft have been grounded. For customers who have plans or tickets booked with Zoom Airlines for future flights, they are advised to contact their credit card company to apply for a refund. Zoom Airlines, which there are both a UK and Canadian company, will be filing for insolvency proceedings in the UK and Canada. The two founders of Zoom said [Quote] We deeply regret the fact that we have been forced to cease all Zoom operations. It is a tragic day for our passengers and more than 600 staff. We are desperately sorry for the inconvenience that this will cause passengers and those who have booked flights. 'We have done everything we can to support the airline and left no stone unturned to secure a re-financing package that would have kept our aircraft flying. Even as late as yesterday we had secured a new investment package but the actions of creditors meant we could not continue flying. 'The collapse of Zoom is a result of matter beyond our control. Only last year Zoom Airlines made profit, but that turned into a loss in the last year due to the unprecedented increase in the price of aviation fuel and the economic climate. The price of oil resulted in our fuel bill jumping by nearly $50 million in one year and we could not recover that from passengers who had already booked their flights. Passengers/customers can find out more details on the Zoom Airlines website http://www. flyzoom. com including details of airlines that fly the same routes as Zoom Airlines.

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