- Ellinair was formally declared bankrupt in July 2026.
- The airline halted operations in 2021 after Mouzenidis Travel ceased trading.
- The airline was suspended from the Greek Commercial Register in March 2024.
- Former employees initiated bankruptcy petitions over unpaid wages.
- Ellinair was headquartered at Thessaloniki Airport Makedonia.
Greece’s Ellinair has been officially declared bankrupt following years of grounded operations and legal battles. The airline originally halted its flights in 2021 when its parent company, Mouzenidis Travel, ceased trading, but was formally declared bankrupt in July 2026 after ongoing court proceedings. The airline grounded its fleet and returned its aircraft to lessors following the financial collapse of the Mouzenidis Group during the COVID-19 pandemic.
Between 2022 and 2023, the airline continuously delayed its planned restart while attempting to access European Commission state aid packages. In March 2024, the carrier was officially suspended from the Greek Commercial Register for failing to submit financial statements. A group of 12 former employees initiated bankruptcy petitions over unpaid wages and outstanding partner liabilities.
Founded in 2013, Ellinair was headquartered at Thessaloniki Airport Makedonia and primarily functioned as a charter and scheduled holiday carrier, catering extensively to tourists traveling from Russia and Eastern Europe to Greece. The Greek courts officially resolved the pending petitions, marking the absolute end of the airline.
