Swedish NextJet declares bankruptcy
NextJet, a Swedish regional airline created in 2002 and based in Stockholm-Arlanda Airport (ARN), announced ending its operations from May 16, 2018.
On the day, all the airline flights were canceled after 1 p.m. Customer services are now closed, and passengers holding tickets for future flights are advised to reach their travel agent or credit card provider to file for reimbursement.
“We have done everything in our power to find a solution, but unfortunately not succeeded”, said CEO Magnus Ivarsson in a press release. “A liquidator will be appointed who will decide on the future of the company”.
The domestic airline endured financial difficulties in 2017, which forced the Swedish civil aviation authority to temporarily suspend the carrier’s air operator certificate (AOC) in August 2017, until money was reinjected by four shareholders.
The financial costs of several routes were supported by the Swedish Transport Administration. According to Swedish media SVT, NextJet holds a debt of around 1.4 million euros (14 million Swedish kronor (SEK)) to several airports.
The NextJet fleet was composed of ten 36-seats Saab 340s and three 68-seats Bae ATP. It was mainly operating in the north of Sweden, with six routes towards Finland, one towards Norway and one towards Latvia (as it has a codeshare agreement with the country's carrier AirBaltic).
Aviation growth nuances to be tackled in Asia and Europe
Despite a generally healthy condition of global aviation industry and its stable growth during last decade, challenging...
European wet-leasing deal hailed a ‘win win’ in EU-US dispute
Revision of the rules will allow the EU to lift the existing time restriction on wet-leasing and solve a dispute between...
Spirit Airlines appoints Scott Haralson as new CFO
Spirit Airlines announced on October 17, 2018, that its board of directors has promoted Scott M. Haralson to t...