newstodate.aero

Jun 26, 2020 (newstodate): Bad news in the Danish aviation industry: the charter and ACMI carrier Jet Time goes into hibernation in a last-ditch effort to survive the corona crisis.
   Highly dependent on seasonal summer operations for long-term tour operators as well as provider of capacity for other airlines, Jet Time's order book has remained blank, driving the company to lay off 313 out of 342 employees.
   The remaining staff will be dedicated to maintaining only the most essential work to keep the airline and its fleet intact for a future revival, which will in effect arrive only by winter 20/21 or rather summer 2021 as the outlook is now.
   -We had the best-ever H1 results ending February 2020, again proving the successful turn-around of the company launched by early 2017. And then came the coronavirus, Jorgen Holme, Jet Time CEO, told newstodate on April 20.  
   In the fleet of Jet Time are now nine aircraft including three Boeing 737-700 and six Boeing 737-800 aircraft.