Sweden's FlyMe files for bankruptcy
AFP - [email protected]
Published: 2 Mar, 2007 CET.
Updated: Fri 2 Mar 2007 08:01 CET
Swedish budget carrier FlyMe announced on Friday it was to file for bankruptcy, ceasing services with immediate effect and leaving some 2,500 travellers facing flight cancellations.
"We don't have the necessary liquidity to operate so we are ceasing operations," FlyMe CEO Finn Thaulow told AFP.
A request for bankruptcy would be filed at a Gothenburg court on Friday.
Some 2,500 passengers scheduled to fly with the airline on Friday would be affected by the decision, the majority of whom were in Sweden, Thaulow said.
FlyMe has 220 employees and flies to 11 European cities from three Swedish airports.
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"We don't have the necessary liquidity to operate so we are ceasing operations," FlyMe CEO Finn Thaulow told AFP.
A request for bankruptcy would be filed at a Gothenburg court on Friday.
Some 2,500 passengers scheduled to fly with the airline on Friday would be affected by the decision, the majority of whom were in Sweden, Thaulow said.
FlyMe has 220 employees and flies to 11 European cities from three Swedish airports.
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