Air Wales (1977)
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Air Wales (1977)
Air Wales ( cy, Awyr Cymru) was an airline operating flights between Cardiff International Airport and Hawarden Airport in Flintshire commencing in 1977 and ending 18 months later. History Air Wales was founded in August 1977 by aircraft brokers DK Aviation and Orbit Trust. It began operations at Cardiff Airport on 6 December 1977 using a 9-seater Piper PA-31 Navajo Chieftain (G-BWAL) on its twice-daily scheduled route from Cardiff to Chester (Hawarden Airport). Clwyd County Council provided the company with a start-up grant of £10,000 on the grounds that the service would improve communications between North East Wales and Cardiff. The single fare was £16.50p. Notwithstanding the confined space of the aircraft, complimentary coffee was routinely served in-flight to passengers by the First Officer."Cardiff Airport at Rhoose. 70 years of aviation history by Geoff Jones". The History Press 2011, The airline added services from Cardiff to Cherbourg-en-Cotentin and Brest ...
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Sabena
The ''Societé anonyme belge d'Exploitation de la Navigation aérienne'' (French; ), better known by the acronym Sabena or SABENA, was the national airline of Belgium from 1923 to 2001, with its base at Brussels National Airport. After its bankruptcy in 2001, SN Brussels Airlines was formed through a takeover of former subsidiary Delta Air Transport and took over part of Sabena's assets in February 2002, which became Brussels Airlines after a merger with Virgin Express in March 2007. The airline's corporate headquarters were located in the Sabena House on the grounds of Brussels Airport in Zaventem. History 1923–1939 Sabena began operations on 23 May 1923 as the national carrier of Belgium. The airline was created by the Belgian government after its predecessor SNETA (''Syndicat national pour l'étude des transports aériens'', National Syndicate for the Study of Aerial Transports) - formed in 1919 to pioneer commercial aviation in Belgium - ceased operations. Sabena opera ...
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List Of Defunct Airlines Of The United Kingdom
This is a list of defunct airlines of the United Kingdom. See also * List of airlines of the United Kingdom * List of airports in the United Kingdom and the British Crown Dependencies References

* * {{List of defunct airlines Defunct airlines of the United Kingdom, * Lists of defunct airlines, United Kingdom Lists of airlines of the United Kingdom, Defunct ...
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Air Wales
Air Wales was an airline based at Cardiff International Airport in Rhoose, Vale of Glamorgan. It operated scheduled regional services within the United Kingdom, as well as to Ireland, Belgium and France. On 23 April 2006, Air Wales ceased all operations, citing "spiralling costs" and "aggressive competition" from larger low-cost airlines. History Air Wales was established in January 1997 with the assistance of property financier Roy Thomas and started operations in January 2000. Initially based at Pembrey Airport in west Wales and operating two Dornier 228 aircraft, Air Wales expanded to employ over 120 personnel, including 45 flight deck staff, 20 engineers and 20 cabin crew. Operations transferred to Red Dragon House at the grounds of Swansea Airport, Fairwood Common, in October 2001. Passenger numbers failed to reach the company's break-even levels and, after three years, Air Wales gave up all its Swansea routes. The airline decided to concentrate on routes out of Cardif ...
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Embraer EMB 110 Bandeirante
The Embraer EMB 110 Bandeirante (English: ''pioneer'') is a Brazilian general purpose 15–21 passenger twin-turboprop light transport aircraft designed by Embraer for military and civil use. The EMB 110 was designed by the French engineer Max Holste; it had been designed in line with specifications issued by the Brazilian Ministry of Aeronautics in 1965.''Air International'' April 1978, pp. 163–164. The goal was to create a general purpose aircraft, suitable for both civilian and military roles with a low operational cost and high reliability. On 26 October 1968, the ''YV-95'' prototype performed its maiden flight; an additional two ''EMB 110'' development aircraft would follow along with an initial order for 80 transport aircraft for the Brazilian Air Force in the following year. Type certification was received from the Brazilian aviation authorities in late 1972, permitting its entry to service in April 1973 with the Brazilian airline company Transbrasil. Various customers i ...
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Piper PA-31 Navajo
The Piper PA-31 Navajo is a family of cabin-class, twin-engined aircraft designed and built by Piper Aircraft for the general aviation market, most using Lycoming engines. It was also license-built in a number of Latin American countries. Targeted at small-scale cargo and feeder liner operations and the corporate market, the aircraft was a success. It continues to prove a popular choice, but due to greatly decreased demand across the general aviation sector in the 1980s, production of the PA-31 ceased in 1984. Design and development At the request of company founder William T. Piper, Piper began development of a six- to eight-seat twin-engined corporate and commuter transport aircraft in 1962 under the project name ''Inca''. The type, now designated the PA-31 and looking like a scaled-up Twin Comanche, was officially announced in late 1964 after its first flight on 30 September that year. It was a low-wing monoplane with a conventional tail, powered by two Lycoming ...
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AirUK
AirUK was a wholly privately owned, independentindependent from government-owned corporations regional British airline formed in 1980 as a result of a merger involving four rival UK-based regional airlines. British and Commonwealth Holdings, British and Commonwealth (B&C)-owned British Island Airways (BIA) and Air Anglia were the two dominant merger partners. The merged legal personality, entity's corporate headquarters were originally located at Redhill, Surrey, Redhill, Surrey, the location of the old BIA head office. It subsequently relocated to Crawley, West Sussex. In addition to the main maintenance base at Norwich International Airport, Norwich Airport (Air Anglia's former engineering base), there also used to be a second major maintenance base at Blackpool Airport (the old BIA engineering base). This was closed down following Air UK's major retrenchment during United Kingdom, Britain's severe early 1980s recession, recession of the early 1980s. In 1987, Air UK established ...
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Air Anglia
Air Anglia was a wholly privately owned, independentindependent from government-owned corporations British regional airline formed at Norwich Airport in 1970. Created as a result of a merger of three smaller operators, the new entity became an important regional scheduled carrier during the 1970s, serving the Eastern half of Britain."The forgotten schedules?"
''Flight International'', 8 March 1973, p. 331
In 1980 Air Anglia merged with three regional rivals to form .


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Working Capital
Working capital (WC) is a financial metric which represents operating liquidity available to a business, organisation, or other entity, including governmental entities. Along with fixed assets such as plant and equipment, working capital is considered a part of operating capital. Gross working capital is equal to current assets. Working capital is calculated as current assets minus current liabilities. If current assets are less than current liabilities, an entity has a working capital deficiency, also called a working capital deficit and negative working capital. A company can be endowed with assets and profitability but may fall short of liquidity if its assets cannot be readily converted into cash. Positive working capital is required to ensure that a firm is able to continue its operations and that it has sufficient funds to satisfy both maturing short-term debt and upcoming operational expenses. The management of working capital involves managing inventories, accounts receiv ...
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Break-even
Break-even (or break even), often abbreviated as B/E in finance, (sometimes called point of equilibrium) is the point of balance making neither a profit nor a loss. Any number below the break-even point constitutes a loss while any number above it shows a profit. The term originates in finance but the concept has been applied in other fields. In economics In economics and business, specifically cost accounting, the break-even point (BEP) is the point at which cost or expenses and revenue are equal: there is no net loss or gain, and one has "broken even". A profit or loss has not been made, although opportunity costs have been "paid" and capital has received the risk-adjusted, expected return. In other words, it is the point at which the total revenue of a business exceeds its total costs, and the business begins to create wealth instead of consuming it. It is shown graphically as the point where the total revenue and total cost curves meet. In the linear case the break-even poin ...
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London-Gatwick
Gatwick Airport (), also known as London Gatwick , is a major international airport near Crawley, West Sussex, England, south of Central London. In 2021, Gatwick was the third-busiest airport by total passenger traffic in the UK, after Heathrow and Stansted airports, and was the 36th-busiest in Europe by total passenger traffic. It covers a total area of . Gatwick opened as an aerodrome in the late 1920s; it has been in use for commercial flights since 1933. The airport has two terminals, the North Terminal and the South Terminal, which cover areas of and respectively. It operates as a single-runway airport, using a main runway with a length of . A secondary runway is available but, due to its proximity to the main runway, can only be used if the main runway is not in use. In 2018, 46.1 million passengers passed through the airport, a 1.1% increase compared with 2017. History The land on which Gatwick Airport stands was first developed as an aerodrome in the late ...
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Brussels
Brussels (french: Bruxelles or ; nl, Brussel ), officially the Brussels-Capital Region (All text and all but one graphic show the English name as Brussels-Capital Region.) (french: link=no, Région de Bruxelles-Capitale; nl, link=no, Brussels Hoofdstedelijk Gewest), is a region of Belgium comprising 19 municipalities, including the City of Brussels, which is the capital of Belgium. The Brussels-Capital Region is located in the central portion of the country and is a part of both the French Community of Belgium and the Flemish Community, but is separate from the Flemish Region (within which it forms an enclave) and the Walloon Region. Brussels is the most densely populated region in Belgium, and although it has the highest GDP per capita, it has the lowest available income per household. The Brussels Region covers , a relatively small area compared to the two other regions, and has a population of over 1.2 million. The five times larger metropolitan area of Brusse ...
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