The French company La Compagnie (B0, Paris Le Bourget) has announced the suspension of its London Luton – Newark flights from Sunday, September 25th due to the impacts of the Brexit vote on the transatlantic market.
La Compagnie 757-200 F-HCIE departing Paris Charles de Gaulle | Image Copyright: BrunoA380
The carrier issued a statement saying that the route had been severely affected by what they termed the “new economic climate in Europe, fueled by Brexit.”
“We are the firmest believers in the UK’s unique market position, hence the decision to invest heavily in our London route for the past sixteen months,” Frantz Yvelin, founder and CEO of La Compagnie, said. “Meanwhile, the result of the EU referendum has created an unprecedented level of legal and economic uncertainty for airlines that service Great Britain. Hence, our decision to accelerate development on our Paris–New York route where loads are already 80%+ as we recognize the increasing market demand in both the corporate and leisure segment.”
To counter the route suspension, La Compagnie will add a second daily service to complement their popular Paris CDG – Newark service as of next month.
All passengers that have already booked the London route after the cut off date this September will have an option of a full refund or a rebooking onto the second Paris CDG – Newark service next month.
La Compagnie’s premium-orientated flights are operated on a pair of B757-200s leased from Icelandair (FI, Reykjavik Keflavik) and AerCap, both featuring 74 premium-class seats.