The operator confirmed its plans to close in a statement titled "time to say goodbye" posted to its website at the weekend, which also paid tribute to its employees and associates.
Belleair’s Atol was held by Crownshield Travel, which also operated the Belleair Cruises, Chevron Air Holidays, Chevron Cruises and Malta Direct brands. It was licensed to carry 1,500 Atol-protected passengers.
"After 40 years, the time has come to call it a day," read the statement, which also ran on the Chevron and Malta Direct websites. "We will stop selling holidays after 31 October 2022.