EMCC European Monitoring Centre on Change

Jetmagic

Company/Organisation:
Jetmagic

Geographic Location

Country: Ireland
Region: South-West (IRL); Southern and Eastern

Company

Sector: Transportation / storage
Transportation and storage
51 - Air transport
Number Employed: 100

Employment Effects

Announcement Date: 29-01-2004
Planned Job Reductions min: 100
Planned Job Reductions max: 100
Type of Restructuring: Bankruptcy/Closure
Foreseen End Date: 01-02-2004
Direct Dismissals: 100

Additional Information

The Cork-based Jetmagic airline suspended its operations at the end of January 2004 with immediate effect. The expected level of customer demand did not materialise, particularly in relation to business travel. Jetmagic had three aircraft and employed 100 people.