Swedish airline Braathens has declared bankruptcy for its Airbus operations. The company established this division in 2022. Braathens said the operation became more complex than expected.
Owner Per G Braathen addressed the situation in a statement. He said financing attempts for a controlled phase-out failed. About 200 employees will lose their jobs due to the bankruptcy.
All Airbus flights for travel operators are canceled immediately. The regional airline sector in Scandinavia faces ongoing challenges. High operating costs and seasonal demand create difficult conditions.
This bankruptcy reflects the tough reality for smaller European carriers. They struggle against larger competitors and rising fuel prices. The Swedish aviation market just lost another regional player.