Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The Cork-based Jetmagic airline suspended its operations at the end of January 2004 with immediate effect. The expected level of customer demand did not materialise, particularly in relation to business travel. Jetmagic had three aircraft and employed 100 people.
Eurofound (2004), Jetmagic, Closure in Ireland, factsheet number 59968, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59968.