Ascend Airways enters liquidation

Ascend Airways has become the latest casualty of the global energy crisis, announcing its immediate collapse on Friday.

The UK carrier has grounded its entire fleet and surrendered its Air Operator's Certificate after failing to secure emergency funding to cover rocketing fuel bills.

Hundreds of passengers have been left stranded at Gatwick and Stansted airports, with many told they may not receive full refunds for their cancelled trips.

Staff members have also expressed concern over unpaid wages as the company's assets are prepared for sale.

The airline's failure underscores the deepening economic impact of the Middle East conflict on the European aviation sector.