History
Blue Wings was established in 2002, received the AOC on 27 June 2003 and started operations in July of the same year. It initially operated charter flights from Düsseldorf using a wet-leased Airbus A320. In June 2006, the Russian National Reserve Corporation (NRC) acquired a 48 percent shareholding through its Zürich based subsidiary Alpstream AG, which was intended to lead to a close co-operation between Blue Wings and Red Wings Airlines, also belonging to NRC.
On 6 October 2006, Blue Wings signed a purchase agreement with JetBlue Airways for five second-hand Airbus A320-200 aircraft. For cost-saving reasons, Blue Wings adopted a nearly idendical color scheme compared to JetBlue. On 17 October of the same year, another order - this time for 16 new Airbus A320 and 4 Airbus A321 was signed, and subsequently announced during the Farnborough Air Show of the same year.
On 31 March 2009, the Federal Office for Civil Aviation of Germany revoked the operating license of Blue Wings because of solvency fears, forcing the airline to shut down all operations. Blue Wings was saved for once on 23 April of the same year, when it was announced that Elite Aviation, a VIP charter airline from Abu Dhabi, had signed a charter agreement with Blue Wings. Subsequently, the license was reinstated on 5 May.
On 5 August 2009, it was announced that Iraqi Airways, Iraq's national airline, had signed a contract to lease three Airbus A320-232 of Blue Wings, which were used on European routes.
On 13 January 2010, Blue Wings ceased all operations, filing bankrupt due to the economical crisis which had led to a pull-out of investors.
Read more about this topic: Blue Wings
Famous quotes containing the word history:
“The history of work has been, in part, the history of the worker’s body. Production depended on what the body could accomplish with strength and skill. Techniques that improve output have been driven by a general desire to decrease the pain of labor as well as by employers’ intentions to escape dependency upon that knowledge which only the sentient laboring body could provide.”
—Shoshana Zuboff (b. 1951)
“No cause is left but the most ancient of all, the one, in fact, that from the beginning of our history has determined the very existence of politics, the cause of freedom versus tyranny.”
—Hannah Arendt (1906–1975)
“It may be well to remember that the highest level of moral aspiration recorded in history was reached by a few ancient Jews—Micah, Isaiah, and the rest—who took no count whatever of what might not happen to them after death. It is not obvious to me why the same point should not by and by be reached by the Gentiles.”
—Thomas Henry Huxley (1825–95)