Cimber Sterling thrown USD32m lifeline by Skyways and City Airlines owner
Struggling Danish LCC Cimber Sterling has received a DKK165 million (USD31.9 million) lifeline from Mansvell Enterprises Ltd. If approved, Mansvill will become the majority shareholder in Cimber with a 66.7% stake. The deal would enable Manswell to "conclude a significant step towards its ambition of creating a leading regional Nordic airline".
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 1,000 News Briefs every week and comprehensive data and analysis on thousands of companies around the world.