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.


Check Also

Swedavia, security, gates, Sweden, airports, Arlanda, Gothenburg, Are, ski, baggage

Sweden deploys airport self-service tech

Automated entry gates are being installed at security checkpoints across the country.

Swedavia, sweden, airports, January, passengers, 12 months, airports, bromma, Gothenburg, Stockholm, Landvetter, Are, Malmo

Another passenger record for Sweden

The results are in for Swedavia’s ten airports for January and the most recent rolling 12-month period.

Copenhagen Airport, Kastrup, CPH, buy, purchase, sell, stake, ATP, Macquarie, fund, state, tariff, tax, fares, lower

Copenhagen’s shrinking passenger stats

Airport saw 0.5% more pax in 2017, but the trend is downward

Swedavia, Sweden, airports, Arlanda, Gothenburg, Stockholm, passenger, July, record

Record airline passengers in Sweden

Seven of Swedavia’s ten airports reach new heights

Changes at the top for Sweden’s airports

Swedavia appoints new directors for Arlanda, Bromma and others

Norwegian, strike, Small Planet Airlines

Small Planet enters Scandinavian market

Fast-growing charter carrier to take Swedes on holiday