Creditors of Switzerland's SkyWork take it on the chin

Creditors of Switzerland's SkyWork sustain losses

Creditors of bankrupt Swiss regional airline SkyWork Airlines (Bern) will sustain losses as around half of more than 1,000 claims worth CHF26.4 million Swiss francs (USD29.3 million) submitted have been rejected, reports the Swiss national news agency DSA.

The Bern-Mittelland bankruptcy office announced it had rejected claims worth CHF17.5 million (USD19.4 million), while CHF18.9 million (USD21 million) in claims were accepted.

According to a published schedule of claims, a total of CHF1.8 million (USD2 million) first and second class claims were accepted, as well as CHF7.1 million (USD7.8 million) third-class claims. The bankruptcy office rejected a third-class claim of CHF10 million (USD 11.1 million) but recognised it as a so-called subordinate claim, which means it would be settled once higher ranked creditors were paid out.

According to the bankruptcy office, the realisation of the Skywork estate resulted in assets of around CHF2.3 million(USD2.5 million). First and second class creditors could expect to fully cover their claims. However, third class creditors should expect a dividend of around 7%, meaning this group of creditors would...

Switzerland's flyBAIR launches, postpones hub link plans

Norway's Widerøe to switch London airports from 2Q20

Widerøe (WF, Bodø) will switch from London Stansted to London Southend with effect from the Summer 2020 season, according to a press release from the airline.

Currently linking Kristiansand with Stansted 3x weekly with its fleet of 10 Dash 8-400s, the 473-nautical mile (877-kilometre) sector to Southend will be flown daily during the peak season.

Speaking during the Airport Operators Association (AOA) Annual Awards in London, Widerøe Commercial Director Christian Skaug said: "We believe that our customers, who are used to smaller, convenient and efficient airports, will appreciate a more efficient airport. Better travel experience, with fewer queues and shorter distances."

Southend will be served by easyJet, Ryanair, Wizz Air UK, flybe. (2002), Loganair, FlyOne and now Widerøe this summer. The airport has in the past been successful in attracting airlines from competing airports, with Loganair switching its Londonderry City of Derry service from Stansted, and the now-defunct SkyWork Airlines (Bern) moving its Bern to London City route...

Switzerland's flyBAIR crowdfunds for Berne-based ops