The airline whose unpressurized 737 crashed last year in Greece,
killing 121, is going out of business.
Ajet -- the new name given Cyprus-based airline Helios Airways
after the accident -- had been struggling ever since to recover its
reputation and revenues.
The pilots of that ill-fated Boeing 737-300 failed to notice
their aircraft was not being pressurized correctly as the plane
climbed to altitude. Greek accident investigators found them mainly
to blame, along with lax maintenance procedures on the ground, and
even tweaked Boeing for "ineffective measures in response to
previous reports of pressurization problems."
The plane flew several hours on autopilot, with the flight
crew incapacitated, until it ran out of fuel and crashed in the
As Aero-News has reported,
the European Union has been threatening to revoke landing rights
for all Cyprus-based commercial flights because of what they
consider an inadequate aviation infrastructure and lax controls on
The holding company for Ajet, Libra Holidays, has decided to
pull the plug on that troubled airline and flights will end within
three months. It will decide at later date how to offload the two
leased 737s in the fleet. The company will still remain a legal
entity to deal with financial claims stemming from the