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FLYME

Police raid law firm linked to Fly Me

Lawyer Staffan Edh has resigned from law firm Hamilton in Gothenburg following speculation about his role on the Fly Me affair.

Police raided the offices of the law firm on Friday. One of the reasons for the raid was a client account not included in Fly Me’s accounts, which was controlled by Edh and Chairman of the Board, Björn Olegård.

No other board members had access to the account at the law firm, SVT reports.

Staffan Edh is a board member of Fly Me Sweden, which recently went bankrupt, and parent company Fly Me Europe. On Wednesday Hamilton announced that it was to look into Edh’s role in the bankruptcy.

“I think it is the right decision on his part,” said Hamilton’s CEO Mikael Wahledow.

FLYME

New owners expected for FlyMe

The administrator for bankrupt Swedish airline FlyMe Sweden has said he could be close to finding a new owner for the company.

“There is a preliminary agreement for a takeover of the business, and the conditions laid down in the agreement should be met within the coming week,” said Rickard Ström, the lawyer handling Fly Me Sweden’s affairs on behalf of its creditors.

Ström would not reveal the details of the agreement.

“The conditions have been laid down by the person or organization that will take over the business and by the creditors.”

Göteborgs-Posten reports that a new company has been registered to take over FlyMe’s operations. The new company’s owners have at least 300 million kronor ($43 million) in capital, the paper writes.

“All that remains is the licence from the Swedish Civil Aviation Authority. This could take a couple of days,” said FlyMe Sweden’s operations manager Bosse Andreasson to Göteborgs-Posten.

“The new owners have more capital than the Civil Aviation Authority’s minimum requirement of 300 million kronor,” he said.

The new FlyMe is likely to have access to four of the six planes previously used. This will mean a more limited schedule than before.

The administrator will make staff of FlyMe Sweden redundant on Wednesday afternoon, although they will be offered jobs in the new company.