13 OCTOBER 2014
BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.
The Business Travel News
PO Box 758
Edgware HA8 4QF
+44 (0)20 8952 8383
© 2019 Business Travel News Ltd.
It was announced this week that Danish airline Cimber will cease operations during spring 2015, with the loss of 130 jobs.
The Sønderborg-based airline has been forced to close after SAS decided to end its partnership with the airline effective from April 2015. The SAS deal involved the lease of four Bombardier CRJ 200 aircraft and was propping up the already ailing airline.
The carrier traces its history back to 1950 when Cimber Air was established. In 2008 it bought elements of the newly bankrupt Sterling Airlines and changed its name to Cimber Sterling but in May 2012 it declared bankruptcy itself.
At the time the airline was flying 30 daily departures to destinations in Northern and Eastern Europe from Copenhagen Airport, many of these on behalf of Scandinavian Airlines/SAS. As these were potentially profitable, the receivers extended the lease and enabled a takeover bid from former employees to take place. SAS and Cimber signed an extension of the agreement but that lease period has now come to an end. www.cimber.com
All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum
No one has commented yet, why don't you start the ball rolling?