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The aviation sector experienced notable disruptions in 2024, with several airlines either shutting down or undergoing significant restructuring. Fourteen airlines ceased operations due to financial difficulties and market challenges.
Among those that closed were CSA from the Czech Republic, which transitioned into a holding company after being absorbed by Smartwings. Bonza, an Australian low-cost airline backed by 777 Partners, also shut down mid-year despite its initial promise. FlyEgypt ended operations in October, and Estonia's Nordica followed suit in November.
FlyArna, a joint venture aiming to be Armenia's national carrier, ceased operations early in the year due to stiff competition. Uzbekistan's Humo Air had one of the shortest lifespans before closing in 2024. Canadian carriers Jetlines and Lynx Air both folded under financial pressure.
