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21 MAY 2012

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Article from BTNews 21 MAY 2012

Cimber keeps flying

Reports from Copenhagen indicate that bankrupt Danish airline Cimber Sterling is to keep flying under the Cimber name (see AERBT 4 May).  Its former Ukrainian owner Igor Kolomoisky will buy Cimber Air Maintenance and Cimber Air Data units with the current management taking control of the airline itself.  No financial details have been given.

"The deals mean that a significant part of Cimber Sterling's activities have now been sold and not least, that between 200 and 260 jobs have been saved," the company said.

Cimber says it will focus on wet leasing and charter, operating flights for other companies.

The airline, listed on the Copenhagen bourse in an initial public offering in 2009, had tottered on the brink of insolvency last year, but was rescued by Kolomoisky.

SAS has confirmed an agreement with Cimber to continue to operate four aircraft for the Star Alliance partner. www.cimber.com

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