NextJet (Stockholm Arlanda) has announced it has filed for bankruptcy with all flights having since been grounded. According to a statement issued on May 16, CEO Magnus Ivarsson said he deeply regretted the financial situation the company had found itself in which ultimately led to the board's decision to file for bankruptcy.

"We have done everything in our power to find a solution, but unfortunately, we did not succeed," he said. "What's happening now is that a liquidator will be appointed who will then decide on the future of the companies."

The move will have a significant impact on the regional Swedish market where several airports, namely Arvidsjaur, Gällivare, Hemavan/Tarnaby, Kramfors-Sollefteå, Lycksele, and Vilhelmina, as well as Pori in Finland, have been left with no scheduled passenger services.

It is recalled that the Swedish Transport Agency (Transportstyrelsen) curbed the validity of NextJet's Operator's Licence (OL) in August last year citing concerns about its ability to meet its actual and potential commitments over the ensuing twelve-month period. The carrier was able to meet a November deadline only after its shareholders moved to shore up its finances.

As it stands, NextJet operated an in-house fleet of four BAe ATPs, three Saab 340As, and six Saab 340Bs while wet-leased capacity consisted of one ATR42-300(QC) sourced from DOT LT and two CRJ200s sourced from Voyageur Airways.