• Sweden edition
 
Swedish airline Skyways files for bankruptcy

Swedish airline Skyways files for bankruptcy

Published: 22 May 2012 07:07 GMT+02:00
Updated: 22 May 2012 07:07 GMT+02:00

"Skyways Express AB with its daughter company City Airline AB have today been forced to stop all payments," the company said in a statement issued on the company's website.

"As a consequence all flights have also been cancelled with immediate effect. Both companies will apply for bankruptcy in the morning."

The airline advised passengers with reservations on flights scheduled to depart on Tuesday to avoid going to the airport, as there are no longer any scheduled Skyways departures.

The airlines flew to around 20 destinations mainly in Sweden, but also serviced a number of European cities, including Helsinki, Copenhagen, Prague, Riga, Tallinn, Kiev, Birmingham, Manchester, Lyon and Zurich

The company explained that Skyway's owners "decided not to fund the company any longer", prompting the decision to suspend all payments and cancel all flights.

“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," Skyways CEO Mikael Wångdahl said in a statement.

Sweden's main airport Arlanda alone had 31 cancelled flights Tuesday due to the bankruptcy, and Swedish public radio reported that some 12,000 people held tickets for scrapped flights.

Around 350 pilots, flight attendants and ground personnel were at risk of losing their jobs, it reported.

"I was supposed to fly to Stockholm with Skyways but was told at the check-in at around 6am that Skyways had gone bankrupt and that our plane would not be going to Stockholm," Sven-Åke Svensson told the radio at the airport in central southern town of Jönkoeping.

In neighbouring Denmark the Cimber Sterling airline filed for bankruptcy at the beginning of the month, and according to Swedish public radio, higher fuel prices were likely the main reason the small airlines in the region were going belly-up.

AFP/The Local (news@thelocal.se)

Your comments about this article

16:12 May 22, 2012 by SimonDMontfort
I liked the routes Skyways used to operate - they were so convenient.

The news is very sad for the employees and shows how acute the problems are in running an airline as (I think) SKyways only had 23 aircraft
18:46 May 22, 2012 by sunnchilde
With rising costs and falling revenues one wonders how any airline can survive now a days. Air travel is necessary of course, but I wonder for how much longer routine flights will continue. How can an airline survive if only half the seats are filled? Owning, fueling and operating an aircraft is VERY expensive. Even sitting on the tarmac doing nothing, that aircraft is bleeding you dry. It reminds me of something Richard Branson (of Virgin Airways) said. "You want to be a millionaire? It's easy. Start with a billion dollars. Own an airline. Soon, you'll be a millionaire."
22:51 May 22, 2012 by Smokebox
I use to fly them and SAS for local flights from Stockholm. To much of a hassle and the costs getting higher each time. The train is so much easier.
Today's headlines
Elections 2014
'Good prospects' for Alliance co-operation

'Good prospects' for Alliance co-operation

UPDATED: Social Democrat leader Stefan Löfven says he is positive that his party can co-operate with the former governing Alliance on some issues. READ  

Scotland Decides
Sweden welcomes Scotland's 'No' vote
No supporters celebrate victory in Glasgow. Photo: Matt Dunham/AP/TT.

Sweden welcomes Scotland's 'No' vote

Sweden’s outgoing foreign minister Carl Bildt has welcomed Scottish voters’ decision to reject independence from the UK in Thursday’s referendum. The pound rose against the krona following the result. READ  

National
'Sexsomnia' addict cleared of rape

'Sexsomnia' addict cleared of rape

A Swedish man who had sex with a woman while he was asleep has been acquitted of rape because he suffers from "sexsomnia". READ  

National
Russian jets spotted in Swedish airspace
Russian Su-24 medium-range bomber, known by Nato as 'Fencer,' flies at undisclosed location in Russia in 2002. File photo: AP

Russian jets spotted in Swedish airspace

UPDATED: Two Russian fighter jets violated Swedish airspace on Wednesday, prompting the government to request an urgent report from the Armed Forces. READ  

Business
Sweden’s growth 'better than expected'
Strong household consumption is helping Sweden's growth. Photo: Mona-Lisa Djerf/SvD/TT

Sweden’s growth 'better than expected'

Sweden’s gross domestic product grew 2.6 percent in the second quarter of 2014 compared to the same period a year earlier, with the economy performing much better than previously thought. READ  

Presented by West Sweden
West Sweden prepares for lobster premiere
Sweden's lobster season starts on Monday. Photo: Jonas Ingman

West Sweden prepares for lobster premiere

It's almost time to catch your own dinner off the west coast of Sweden. The lobster season gets underway on Monday, with fishermen and tourists taking to the seas in the hope of stocking up on the traditional Swedish delicacy. READ  

National
Gas leak leaves Sony staff in Sweden hospital

Gas leak leaves Sony staff in Sweden hospital

An Ozone gas leak at Sony Mobile's offices in Lund has put eight people in hospital, with nine others needing to be checked by doctors. READ  

Elections 2014
Social Democrats get permission to govern
Stefan Löfven is set to become Prime Minister. Photo: TT

Social Democrats get permission to govern

Sweden's parliamentary speaker has given Social Democrat leader Stefan Löfven the all-clear to form a government. On Friday Löfven is expected to meet the heads of the Liberal and Centre parties. READ  

Elections 2014
Vote quirk gives Sweden Democrats extra seats
Sweden Democrat leader Jimmie Åkesson celebrates his party's election success. Photo: Lars Pehrson/SvD/TT

Vote quirk gives Sweden Democrats extra seats

The Sweden Democrats, who became the third largest party in Sunday's election, have learned they will get two more seats than expected due to a quirk in the country's election system. READ  

Tech
Ericsson to axe modems and cut jobs
Ericsson CEO Hans Vestberg, pictured here presenting the comapny's quarterly report in July. Photo: Annika af Klercker/TT

Ericsson to axe modems and cut jobs

Swedish telecom giant Ericsson has confirmed it will cut jobs in Sweden and abroad after the company announced on Thursday morning it would stop developing modems. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Society
What's on in Sweden
Politics
How Sweden Democrats went mainstream
Politics
Scandinavia and Scotland: closer links?
Gallery
Property of the week - Eskilstuna
Sponsored Article
How to start a business in Stockholm
Blog updates

19 September

Editor’s blog (The Local Sweden) »

"Happy Friday readers! It sure has been a exciting week in Sweden, where we’re set to get a new Prime Minister after Fredrik Reinfeldt stepped down following Sunday’s elections. The Local blogged live from the key political gatherings across Stockholm. Why not re-visit the action by taking a look at our photos, tweets, videos and analysis? Since the..." READ »

 

17 September

Deep election analysis (Blogweiser) »

"You think you’re bad? Well I’m American. http://www.youtube.com/watch?v=NFbomLID0vU Deep deep analysis on Swedish election results. Vlog post: https://t.co/tjQgfa5Yie #svpol #val2014 #politics pic.twitter.com/oEK5ADFT8L — Joel Sherwood (@joeldsherwood) September 17, 2014 " READ »

 
 
 
Society
How I became a surf blogger when I moved to Sweden
Gallery
People-watching: September 13th
Society
Why is Stockholm's Södermalm so cool?
Gallery
People-watching: September 11th
Gallery
People-watching: September 13th
Politics
Five possible election outcomes
Politics
Sweden elections: How do they work?
Politics
Sweden elections: Who's who?
Lifestyle
What's on in Sweden
Gallery
Property of the week - Hornstull, Stockholm
Analysis
Five differences between the UK and Sweden
Welshman Jonny Luck is now a chef in Sweden
Society
How I opened my own restaurant in Sweden's Malmö
Sponsored Article
Stockholm tech fest: relive the magic
Gallery
People-watching September 8th
Photo: TT
Politics
Feminists fight for first seats
Politics
Immigration cut push from Sweden Democrats
Sheryl Sandberg says women have "low expectations"
Tech
Facebook exec talks women's limits in Swedish business
Politics
Left Party calls for justice and equality
Politics
Green Party wants 'better world' for kids
Lifestyle
The five best Swedish songs of the month
Sponsored Article
Introducing… Insurance in Stockholm
Sponsored Article
Graduates: Insure your income in Sweden with AEA
Sponsored Article
Introducing...Your finances in Stockholm
Sponsored Article
Introducing...Housing in Stockholm
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

877
jobs available
Swedish Down Town Consulting & Productions
Swedish Down Town Consulting & Productions is an innovative business company which provides valuable assistance with the Swedish Authorities, Swedish language practice and general communications. Call 073-100 47 81 or visit:
www.swedishdowntown.com
PSD Media
PSD Media is marketing company that offers innovative solutions for online retailers. We provide modern solutions that help increase traffic and raise conversion. Visit our site at:
http://psdmedia.se
If you want to drink, that’s your business.
If you want to stop, we can help.

Learn more about English-language Alcoholics Anonymous in Sweden. No dues. No fees. Confidentiality assured.
AA-EUROPE.ORG/SWEDEN