Belfast Telegraph

Saturday 28 February 2015

Bust airline faces massive debt

Officials at the collapsed transatlantic budget airline, Zoom, have said its debts are likely to reach almost €31.5 million.

However, airline bosses rejected the rumours that Zoom owes up to three times this figure.

The UK and Canada-based firm grounded all flights last week as it prepared to go into liquidation, leaving thousands of passengers stranded.

It blamed its financial difficulties on a massive jump in fuel bills as a result of the high cost of oil.

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting?

Latest News

Latest Sport

Latest Showbiz