ˈæftɚ hˈɛvi faɪnˈænʃəl lˈɔsᵻz, ɐ lˈɑːɹdʒ nˈʌmbɚɹ ʌv dɹˈɑːpt skˈɛdʒuːlz, ænd mˈeɪdʒɚ ɹᵻstɹˈʌktʃɚɹɪŋ wɪðˌɪn ðə kˈʌmpəni, ˌeɪbˈiː ˈɛɹlaɪnz wɛnt ˌɪntʊ ɐdmˌɪnɪstɹˈeɪʃən ɪn ˈɔːɡəst nˈaɪntiːnhˈʌndɹɪd nˈaɪnti nˈaɪn.
After heavy financial losses, a large number of dropped schedules, and major restructuring within the company, AB Airlines went into administration in August 1999.