SOME former shareholders in JetMagic, which owed €3.5 million when it collapsed, have put an undisclosed sum of their personal money into the group in an effort to part-compensate creditors.

THE budget air carrier which collapsed after only a week in business had no landing slots at Dublin airport for the bulk of flights it was selling.

All passengers stranded abroad after the Irish tour operator JetGreen stopped trading will be flown home, it was confirmed today.

JETMAGIC is to be wound up after a search for fresh investors failed to secure an estimated €15 million required to re-start the company which ceased operations from its Cork base in January.

AN organisation representing the unemployed has criticised the Government for failing to stem a worrying rise in job losses in the Cork region.

One hundred and twenty workers in Cork are to lose their jobs after CG Services Ltd, an electrical company based in the Ballycureen Industrial Estate, went into liquidation this morning.

A REVIVAL of collapsed Cork based regional airline Jetmagic will require fresh investment of up to €15 million.

The CEO of collapsed Cork based airline Jetmagic has indicated that new investor interest could revive the airline.

AER LINGUS is poised to launch a trans-Atlantic service to the USA from Cork when the current open skies negotiations with the US are concluded, Cork Chamber of Commerce president Robin O'Sullivan said last night.

THE number of jobs lost following the sudden closure of Cork-based airline Jetmagic has risen to 128.

WORKERS at Servisair will attend a meeting in Cork Airport today where they are expected to be informed of some job losses as a result of airline Jetmagic’s collapse.

THE pain eased last night for some members of a stag party left stranded by Jetmagic’s disappearing act.

COLLAPSED airline Jetmagic accepted online bookings until minutes before the company's bombshell announcement to cease trading.

JETMAGIC was entitled to take flight bookings right up to the moment it realised its financial position was unrecoverable, the Commission for Aviation Regulation said last night.

TRAVEL agents have warned that more passengers will be left stranded unless airlines become bonded

The Cork Branch of the Irish Hotels Federation (IHF) has expressed disappointment at the collapse of airline Jetmagic after just nine months.

The Consumers Association of Ireland (CAI) has called on the Government to accept that it was partially at fault for the situation facing 400 stranded Jetmagic passengers.

The Labour Party has called on the Government to provide assistance to the 400 passengers left stranded following the overnight collapse of the Cork-based airline Jetmagic.

Airline Jetmagic is to cease operations at Cork Airport immediately, with the loss of 100 jobs.

CORK airline Jetmagic has dismissed question marks over its performance and said it was happy with the progress of its latest attempt to secure extra funding.

Jetmagic, the Cork based airline that launched in April last year, is set to cancel two of its Italian routes.

CORK International Airport handled an extra 308,000 passengers last year, bringing to 2.18 million the number of people who passed through its terminal.

THE chief executive of fledgling airline Jetmagic has left unexpectedly for "personal reasons".

START-UP airline Jetmagic has stopped taking bookings on its proposed Paris route because it has been unable to secure landing slots at Charles de Gaulle Airport.

“ANY fool can grow in the airline industry while losing money and we are surrounded by many fine examples of this in Europe at present.”

SO much ado about nothing. The press can make a little hill into a high mountain.

AER LINGUS’S latest lightning decision to cut Dublin/Cork services should raise serious questions about its commitment to the economic prosperity of the south.

LAST month was a record June for Cork International Airport, with traffic up by 45,611 passengers, or 24%.

JOAN MOODY (Irish Examiner letters, June 3) misses the worst flaw of the Shannon stopover.

Cork-based airline Jetmagic has announced additional services.

The Cork-based airline JetMagic is to operate new services to Milan, Rome and Alicante.