LEVEL Europe enters insolvency

Photo: © Anna Zvereva

LEVEL Europe GmbH has entered insolvency on Thursday. The airline’s operations have ceased with immediate effect.

The Austrian low-cost carrier, formerly named Anisec Luftfahrt GmbH, was flying under the multinational ‘LEVEL’ brand of International Airlines Group (IAG). IAG was also the parent company of the now insolvent airline.

LEVEL Europe was operating a fleet of two Airbus A320 and four Airbus A321 from its two bases in Vienna and Amsterdam. The airline stopped flying in March 2020 due to the ongoing Coronavirus pandemic. This was initially a temporary measure, however, with the insolvency announcement it is now confirmed that the airline is being liquidated and will not take off again.

Flights that were scheduled to be operated by LEVEL Europe will no longer take place. Tickets for already booked flights are no longer valid, “LEVEL Europe is unfortunately not able to arrange alternative flights for passengers“, the airline adds.

Although its Austrian arm has now collapsed, the LEVEL brand will continue to exist as a long-haul low-cost carrier at its other bases in Barcelona and Paris Orly, with flights being operated by Iberia and Openskies respectively, under a wet-lease scheme. Both airlines are part of IAG.