Braathens forced to apply for bankruptcy for its Airbus operation

Braathens forced to apply for bankruptcy for its Airbus operations due to lack of liquidity in Braathens International Airways AB - ATR72-600s continue to fly according to planAt the end of August, Braathens' Board of Directors decided to focus on a growing fleet of the ATR72-600 turboprop, while Airbus aircraft linked to agreements with tour operators and other airlines would be gradually phased out. At that time, the Board of Directors and management were engaged in activities to secure financing for continued operations during the phase-out of the Airbus fleet. The financing activities initiated by the company have not been successful and as a result, the Board of Directors of Braathens International Airways AB has been forced to file for bankruptcy at the Stockholm District Court for the companies linked to the Airbus operations - Braathens International Airways AB and Braathens Crew AB. This means that all Airbus flight operations will be discontinued immediately. The companies have a total of approximately 200 employees, all of whom are covered by the state wage guarantee.