Budget airline fails to lift off

A LOW-COST airline has gone into receivership before it began flying, it emerged yesterday.

Now Airlines, which officially launched last year with the aim of challenging bigger no-frills players such as easyJet and Ryanair, said it had experienced problems with completing agreed funding. The company said in a statement on its website that it had deferred the launch of its services “until further notice” and was considering a restructuring plan.

The statement added that Now Airlines had been put into receivership and anyone wanting to contact the airline should get in touch with the Official Receiver in St Albans.