Accounting firm deserts Fly Me

Just two days before a press conference at which Fly Me Europe intends to present its accounts, accounting firm ÖhrlingsPricewaterhouseCoopers AB has severed its connections with the troubled airline company.

Björn Olegård, chairman of Fly Me, described the move as “very surprising and unfortunate”.

According to business news website E24, the accounting firm has repeatedly requested explanatory documentation from Fly Me in connection with a number of transactions, including a share purchase from a foreign company and a loan to another Swedish company.

When Fly Me failed to supply the necessary documentation, ÖhrlingsPricewaterhouseCoopers wrote to the Swedish Companies Registration Office (Bolagsverket) to explain its decision to cease working with the company.

Fly Me has said it will proceed with Wednesday’s press conference as planned, but the accounts it is due to present have not been approved by an accountant.