22-May-2012 5:03 PM

Skyways Express and City Airline halt operations, to file for bankruptcy

Skyways Express AB stated (22-May-2012) together with its daughter company City Airline AB, it has "been forced to stop all payments. As a consequence all flights have also been cancelled with immediate effect. Both companies will apply for Bankruptcy in the morning". The carrier continued, "the owners of the company have decided not to fund the company any longer and therefore the Board of Directors was forced to decide to stop all payments and to stop all flights". Skyways and City Airline CEO Mikael Wångdahl commented, “It feels very sad for the Company and for our passengers that will be immediately affected. It is also very sad for the personnel also at risk to lose their jobs. We have come far in turning the company around to turn the company around but after the Bankruptcy of Cimber it became almost impossible to continue”. The Swedish regional carrier serves 20 destinations in Sweden and internationally, including routes to Manchester and Bergen. [more - original PR - Skyways Express] [more - original PR - Jonkoping Airport] [more - original PR - Estonian Air]

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