NJI suspends operations

Italian British Airways franchisee National Jet Italia (NJI) suspended operations after it failed to gain access to a new credit line and ran out of cash. The airline had announced in October that it was to be acquired by Dutch company Nikoram Holding BV. The transaction was to have included an infusion of new capital. It is unclear, however, whether the transaction was consumated. NJI had been operating four BAe 146-300s on flights from Rome, in British Airways colors. The four 146s have been flown to storage, two at Exeter and two at Dublin. NJI professes itself to be optimistic about its chances of restarting operations. However, Air Sicilia has already taken over its key Rome-Catania route, with three daily services.

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