On its website, you will see this announcement:
Effective immediately, as of noon on Wednesday, 13 January 2010, Blue Wings airlines is ceasing operation.
The developments of recent weeks, and the tense overall economic situation in the aviation industry, have forced us to take this step.
Blue Wings was established in 2002 chartering flights from from Düsseldorf, and a 48% share was acquired by Russia’s National Reserve Corporation (NRC) under Alpstream AG. Ownership is (was?) Alpstream AG (48%), Jorn Hellwig (26%) and NIL Investment (26%) but apparently a shareholder dispute led to the carrier being banned. Reportedly, staff has not been paid since November.
The airline has a pending order of 16 Airbuses but the airline’s license is currently revoked by German authorities.
