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In page MK Airlines:

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Due to financial problems, MK Airlines had to suspend all flight operations on 10 June 2008, and went into administration.[1] After an investment had been received from Trans Atlantic Aviation, a subsidiary of the Belfairs Group, a limited extent of operations could resume on 20 June of that year.[1] Following a reorganization of the airline's funding, bankruptcy administration could be left on 24 June 2009.[1] Plans for an acquisition of more fuel-efficient aircraft of the Boeing 747-400 type could not be realized.