Which airline is next to go bust?

With the news that the Spanish Budget airline "Spanair" and the Hungarian airline "Malev" recently went bust, one wonders who will be next?

In the case of Malev, the 66 year old Hungarian national flag carrier was actually forced to stop flying, following the fact that the Hungarian government were prevented by the EU in financing the struggling airline. This will result is a significant number of job losses in Hungry and beyond and serves as a chilling reminder of the EU’s strict financial policy.

The Spanish airline, Spanair, left thousands of passengers stranded as talks to save the struggling airline finally broke down on the 27th of January 2012.

Other fairly recent casualties over the past few years were Zoom, Silverjet, XL, FlyGlobespan, which demonstrates the problem is not new. In fact it was  non other the chief executive of British Airways who stated in 2008 that 30 more airlines will go bankrupt, so we surely can expect more.

The bookies favorite is Monarch. Other prime candidates are reported to be the Polish carrier Wizz Air, the Finnish flag carrier Finnair and Aer Arann. 

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