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Zoom Airlines Declares "Insolvency"

August 28, 2008 at 3:40 PM | by | Comments (0)

Zoom Airlines stopped flying at 2 pm this afternoon, declaring that the company's run out of money to pay off its debts. Though insolvency isn't exactly the same as bankruptcy, it's close enough: All future flights have been canceled and its planes have been parked.

A statement from the airline's founders wasn't very surprising:

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.

Zoom says it has contacted other airlines to help stranded passengers get where they're headed. Refunds? Call your credit card company pronto.

Related Stories:
· Zoom Airlines [Official Site]
· It's Doom for Zoom [Airline Biz Blog]
· Zoom Airlines coverage [Jaunted]

[Photo: Wikipedia]

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Zoom Airlines Coming to Florida, California

December 19, 2007 at 11:00 AM | by | Comment (1)

Zoom Airlines, which already flies between London and JFK, is expanding its low-cost transatlantic flights to the United States. Service between London Gatwick and Fort Lauderdale begins May 22, 2008, and flights between San Diego and Gatwick start June 20.

While Zoom offers super-low one-way fares like many of the UK's LCCs, the company also has the nasty habit of tacking on vague surcharges. A round trip between Fort Lauderdale and Gatwick, for example, is listed at $398, until "departure taxes, fees and fuel surcharges" bring the price up to $750. Still a good deal, to be sure, but a little transparency in the booking process wouldn't hurt.

The Fort Lauderdale flights are also interesting in that some of them stop over in Bermuda, making the Atlantic island easier to reach for flyers leaving London. We're not sure about traffic the other way, though. Are Floridians really clamoring for a chillier golf environment?

Related Stories:
· Zoom Airlines [Official Site]
· Zoom Airlines coverage [Jaunted]
· New Routes coverage [Jaunted]

[Photo: Wikipedia]

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Zoom Airlines: Proud to be Cheap

October 4, 2007 at 10:00 AM | by | Comments (0)

For some reason, Zoom Airlines founder John Boyle thinks "the EasyJet of the North Atlantic" is a good way to tout his airline. Then again, when he's competing all-business-class fliers like Silverjet, Maxjet and Eos, maybe he wants people to know that trips between New York to London can be had for next to nothing. (We're talking $400 round trip.) Just don't expect the same service you'll get on one of the other trans-atlantic specialists.

One of Zoom's tricks is that you don't have to spend a Saturday night at your destination to get a cheap fare. And according to one reviewer, the airline keep costs down another way:

They don't have the seatback entertainment systems. It's one screen at the front showing only one channel (films). As I can't sleep on planes, this would be a problem for me.

Zoom's been flying from JFK to Gatwick since June of this year, and so far the airline only offers one flight a day. But they've served Canada-UK flights for years, so they know the drill when it comes to international routes.

Related Stories:
· Zoom Airlines [Official Site]
· Zoom Aims High with Low-Fare Flight Plan [FT]
· Low Cost Carriers coverage [Jaunted]

[Photo: Wikipedia]