Swedish airline Fly Me collapses

Tuesday, 05 Mar, 2007 0

Fly Me, the Swedish low-cost airline that flies from London Stansted, has released a statement on Friday saying it is filing for bankruptcy

After financial pressure from its bank, the Board has decided to seize ticket sales and to suspend all flights, leaving all aircrafts on their home bases, and to file for bankruptcy.

“The board of Fly Me Sweden AB wants to extend its gratitude to the new management and all FlyMe staff, who with great dedication in a short while has been able to position this young company to profitable operation this year.

“Finally, we are sorry for all inconvenience caused to persons who will not be able to travel as planned with FlyMe.”

Sterling Airlines has stepped in to help passengers on Fly Me routes.

It is placing its own aircraft on two routes – Malmö-Stockholm and Göteborg-Stockholm – and is flying Fly Me passengers for free.

Passengers stranded abroad with FlyMe can fly back home on Sterling, free of charge, until March 11, depending on availability.

It is also offering all FlyMe passengers booked on international routes a discount of SEK 200 on Sterling’s routes if they wish to re-book.

Sterling CEO Almar Örn Hilmarsson said: “It is always unfortunate when a company goes bankrupt and has negative consequences for its customers. We want to help as much as we can.”

By Bev Fearis

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Bev

Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.

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