Blue Wings gone

BLUE WINGS (QW), a Dusseldorf-based charter airline, has ceased operations after the German authorities had revoked its licence.  Established operationally in 2003 it had a fleet of eight Airbus A320 series with Russian former KGB officer Alexander Lebedev holding 48% via a Zurich-based company.  Blue Wings other shareholders are Cyprus-based Nondwell Investment Ltd and the carrier's Chief Executive Joern Hellwig with a stake of 26% each.  Funding problems led to the demise of the grounding of the carrier. www.bluewings.com

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