newstodate.aero
Nov 21, 2005 (newstodate): The now bankrupt Swedish carrier SWE FLY may regain its wings in a joint venture with Indian lcc SpiceJet.
SPiceJet has offered to take 50 percent in a new holding company aiming at establishing flights on routes between UK and India via Stockholm, between New York and India via Stockholm, and between Toronto and India via Stockholm.
The proposed business plan hinges on the granting of traffic rights between India and Stockholm by the Indiuan authorities - an issue still pending.
SWE FLY ceased operation on September 2 after operating a route from Stockholm to Lahore, Pakistan, with feeder routes to Stockholm from the UK, Denmark and Norway.
SWE FLY was also engaging in efforts to boost its cargo business on the route through GSA representation.
The carrier operated a leased Boeing 767, now returned to its owner alongside three Fokker 50 aircraft.
SWE FLY's current debts accrue to some 82.5 million Swedish Kroner.
SPiceJet has offered to take 50 percent in a new holding company aiming at establishing flights on routes between UK and India via Stockholm, between New York and India via Stockholm, and between Toronto and India via Stockholm.
The proposed business plan hinges on the granting of traffic rights between India and Stockholm by the Indiuan authorities - an issue still pending.
SWE FLY ceased operation on September 2 after operating a route from Stockholm to Lahore, Pakistan, with feeder routes to Stockholm from the UK, Denmark and Norway.
SWE FLY was also engaging in efforts to boost its cargo business on the route through GSA representation.
The carrier operated a leased Boeing 767, now returned to its owner alongside three Fokker 50 aircraft.
SWE FLY's current debts accrue to some 82.5 million Swedish Kroner.