• 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

Swedish budget airline Skyways Express has cancelled all flights after it and its City Airline subsidiary filed for bankruptcy on Tuesday morning.

"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)

Don't miss...X
Left Right

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

Dismemberment killer gets sentence cut

The 22-year-old man convicted of murdering his ex-girlfriend in northern Sweden had his sentence reduced on Wednesday, in part due to his "peculiar personality". READ () »

School gas leak sends 25 to hospital

School gas leak sends 25 to hospital

An elementary school in southern Sweden was evacuated on Wednesday and dozens of pupils were taken to hospital after the smell of gas spread through the rooms. READ () »

Swedes vote for country's nicest cock
The Flymen Church weathercock in all its newly gilded glory. Photo: TT

Swedes vote for country's nicest cock

A Swedish churchwarden has reacted with joy upon finding out the parish has Sweden's nicest weathercock. READ () »

Greens push rich tax to finance schools
Per Bolund of The Greens. File photo: TT

Greens push rich tax to finance schools

Sweden's third largest party The Greens revealed its shadow budget on Wednesday, targeting schools and youth employment. High earners would have to pitch in more. READ () »

Holiday status updates 'not a burglary risk'
Ibiza, you say? File photo: Jonas Ekströmer/TT

Holiday status updates 'not a burglary risk'

Mythbusting Swedish researchers have found no link between gushing about your upcoming holiday online and returning to an emptied house. They told The Local that a trip to Ikea could be much more dangerous. READ () »

Woman charged after accusing beggar of theft
The people in this picture are not those from the story. Photo: TT

Woman charged after accusing beggar of theft

A woman in Gothenburg who accused a beggar of robbing her has been charged with fraud and false accusations. READ () »

Swedish royals set baptism date for princess
Photo: Kungahuset

Swedish royals set baptism date for princess

Sweden's royal family has set the date for the baptism of Princess Leonore. READ () »

The Local List
Evidence Game of Thrones is set in Sweden

Evidence Game of Thrones is set in Sweden

With Swedish Game of Thrones fans frothing at the mouth at the season four premiere, The Local revisits its list of ten reasons why the hit books and show are (probably) based in Sweden. READ () »

'Baffling' Swedish raid on German sub makers
The Kockums Malmö shipyard and FMV headquarters. Files: TT

'Baffling' Swedish raid on German sub makers

After the Swedish military raided the Malmö premises of German defence giant Thyssen Krupp, a military expert tells The Local why recent Russian aggression means Sweden's Saab needs to take control of national submarine production. READ () »

Swedish kids crack adult content 'code' at school
A child, unrelated to the story, on her computer. File photo: TT

Swedish kids crack adult content 'code' at school

Swedish parents who busted their children looking at adult content online were shocked to find the kids saying 'they'd learned the code at school'. READ () »

RECEIVE OUR NEWSLETTER AND ALERTS
Politics
Who's the prime minister's heir?
Alfie Atkins
Society
Are children's books the key to families integrating in Sweden?
National
'Sweden Dem protests cater to party's martyr image'
National
'Swedish research grants were fantastic, but now it's like Australia'
Society
Only in Sweden: The ten problems you'd never encounter elsewhere
National
Swedes stopped to take my picture, but didn't look me in the eyes
Business & Money
A swipe of the hand replaced cash and cards in Lund
YouTube
Features
Video: Oliver Gee finds out how to embrace The Swedish Hug
TT
National
Abba duo hints at reunion
Private
National
Flash mobs hug it out across Sweden
Finest.se
Gallery
People-watching April 11-13
TT
Politics
Swedes to give six-hour workday a go
Advertisement:
TT
Society
Aussie choir member wows Abba in Sweden
YouTube
Society
Stockholm magic a surprise YouTube hit
Fastighetsbyrån
Society
Gallery: The Local's Property of the Week
Private
Society
Swedes find 200-year-old gravestone in living room
Stockholm School of Economics
Sponsored Article
Why a bachelor's degree is no longer enough
Deepti Vashisht
Features
Deepti Vashisht dissects the magic of Sweden's personal ID number
Shutterstock
Society
Ten signs you've been in Sweden too long
Society
Jimi Fritze heard every word when doctors discussed taking his organs
Society
A Swedish farmer explains why the new bestiality ban is 'pointless'
Society
'Blondes have more brains': Swedish study
TT
Society
VIDEO: Leaked 'Save Slussen' film goes viral
finest.se
Gallery
People-watching, March 28-30
ESL
Sponsored Article
Learning Swedish the easy way
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 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

Blog Update: The Diplomatic Dispatch

28 October 15:16

The Green Growth Group Summit »

"Today on the 28 October in Brussels, a large group of key EU Ministers and business people, including UK Secretary of State for Energy and Climate Change Edward Davey, and Swedish Environment Minister Lena Ek, will meet to discuss green growth. They all have a stake in resolving a challenge which, although it is crucial..." READ »

737
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