Braathens Forced to Apply for Bankruptcy for Its Airbus Operations

Braathens files for bankruptcy for its Airbus operations

Braathens International Airways AB (Braathens) has been forced to file for bankruptcy in relation to its Airbus operations after efforts to secure fresh financing failed. The decision, taken by the company’s Board of Directors, was filed at the Stockholm District Court and affects both Braathens International Airways AB and Braathens Crew AB. All flights with Airbus aircraft for tour operators have been cancelled with immediate effect. Around 20…

Bankruptcy filing grounds Braathens' Airbus fleet

Braathens International Airways AB has filed for bankruptcy, immediately halting all its Airbus operations. The application, lodged today (Tuesday) with the Solna District Court, Sweden, also includes subsidiary Braathens Crew AB, affecting approximately 200 employees. The move follows an unsuccessful attempt to secure financing required to sustain operations while gradually phasing out Braathens Group’s Airbus fleet—a decision made by the Board…

Braathens forced to apply for bankruptcy for its Airbus operations

At the end of August, Braathens’ Board of Directors decided to focus on a growing fleet of the ATR72-600 turboprop, while Airbus aircraft linked to agreements with tour operators and other airlines would be gradually phased out. At that time, the Board of Directors and management were engaged in activities to secure financing for continued operations during the phase-out of the Airbus fleet. The financing activities initiated by the company have…