The Dutch-registered airline’s owner was allegedly seeking additional financing but was unable to secure it in time to save operations.
Primera Air faced delays in the delivery of its new Airbus aircraft, which was one of the reasons the carrier gave for cancelling all of its planned flights from Birmingham.
The carrier also offered transatlantic flights from Stansted and a route from Manchester to Malaga was due to start later this month.
Primera Air has been operating for 14 years and says it lost €10 million in 2017 after losing an aircraft to «corrosion problems».
The board of the airline has confirmed the news, saying it cannot continue operations without additional financing.
Those left stranded away from home will have to make their own alternative arrangements for their return journey and are advised to contact their insurer or travel agent for assistance.