Cimber Sterling thrown USD32m lifeline by Skyways and City Airlines owner

Premium Analysis

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".

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