A major airline company has plunged into administration as it cancelled all its commercial flights. Royal Air Philippines has cancelled all of its commercial flights with over 3500 passengers affected.
According to the reports, the Manila-based airline’s halt stranded roughly 3,000 to 4,000 passengers holding bookings from January through March, all seeking refunds and new travel options. The airline’s website says: “We are working on providing refunds and hope to resume flights at an unspecified date in the future. Thank you for your patience and understanding. We eagerly anticipate welcoming you aboard soon.”
Royal Air’s CEO Eduardo Novillas had already signaled weak demand weeks earlier. In a letter to a travel agency ahead…