Swedish petition forces airline bankruptcy

Estonian court declares Tallinn-based Avies bankrupt
A court in Estonia has declared Tallinn-based carrier Avies bankrupt following a petition submitted by two of its business partners in Sweden, SwedeWings and Bromma Air Maintenance.
The Swedish firms filed a bankruptcy motion after Avies failed to settle their claims. Earlier, however, the airline had told the news agency LETA that despite falling revenues it did not see any danger of bankruptcy, adding that the two claimants were “just small creditors”.
Avies, which has been in the air since 1991, cancelled three domestic Swedish routes in 2015 (Stockholm Arlanda-Mora-Sveg; Stockholm Arlanda-Hagfors-Torsby; Pajala-Luleå) due to ongoing flight cancellations and delays.
But it has continued to operate scheduled flights between Tallinn and both Kuressaare and Kärdla on Estonia’s islands and to Stockholm.


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