Decline and Liquidation
By the early 1990s, Iona had suffered economical problems. It was further affected by the decision of FedEx and DHL to end services to Ireland. Other problems included issues with several statutory governing bodies. Iona may have had an opportunity to restructure, but political conditions were unfavourable. These factors led to the liquidation of Iona National Airways Limited in 1995, having flown its last flight on 14 December 1994.
Following the demise of Avair in February 1984 Iona operated a number of their regional routes, such as Dublin-Sligo.
When Knock Airport was officially opened on 30 May 1986, Peter Cahill flew the Taoiseach Charles Haughey and Pearse Cahill, from Dublin to Knock to perform the official opening ceremony in the presence of Monsignor James Horan.
Read more about this topic: Iona National Airways
Famous quotes containing the words decline and and/or decline:
“Our achievements speak for themselves. What we have to keep track of are our failures, discouragements, and doubts. We tend to forget the past difficulties, the many false starts, and the painful groping. We see our past achievements as the end result of a clean forward thrust, and our present difficulties as signs of decline and decay.”
—Eric Hoffer (1902–1983)
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—Friedrich Nietzsche (1844–1900)