SkyWork Airlines (Bern) could be forced to terminate its operations at the end of the month should it fail to convince the Swiss authorities that has sufficient financing to remain a going concern.
In a statement issued on Monday, October 16, Switzerland's Federal Office of Civil Aviation (FOCA) said it had curbed the validity of SkyWork's Air Operator's Certificate (AOC) until month-end "for economic reasons".
"For some time now, FOCA has intensified its monitoring activities concerning the economic viability of SkyWork Airlines," FOCA said adding that SkyWork had kept it fully informed about its financial outlook.
"Despite intensive efforts, SkyWork is, at present, not in a position to submit to FOCA proof of adequate financial resources for the winter flight schedule 2017/18. FOCA, therefore, has limited its operating license until [the] end of October."
The regulator added that should SkyWork prove that it does indeed have sufficient financial means, it will be permitted to continue commercial flight services.
SkyWork has acknowledged FOCA's action but has declined to comment on its future plans.
The Swiss carrier currently operates a fleet of two Do328-100s and three Saab 2000s on scheduled passenger flights spanning the Netherlands, Germany, Italy, France, the United Kingdom, Spain, Croatia, and Austria. As previously reported, it will drop its Basel/Mulhouse/Freiburg, CH base citing intense competition on its London City route among other factors.
