newstodate.aero
Sep 22, 2006 (newstodate): The final coup de grace has now been delivered to the plans for a new traffic system to connect Indian and European, US destinations via Stockholm Arlanda.
Pivotal in the visions was a succesful reconstruction of the defunct Swedish airline Swe Fly by credit instruments totaling euro 15 mio, but after six months of negotiations with Swedish and Indian investors a decision has now been taken to finally liquidate Swe Fly.
Plans were to set up a JV between a revitalised Swe Fly and the Indian lcc SpiceJet, and excluding the credits necessary to pay off Swe Fly's creditors, all other conditions were met.
The planned JV aimed 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.
Pivotal in the visions was a succesful reconstruction of the defunct Swedish airline Swe Fly by credit instruments totaling euro 15 mio, but after six months of negotiations with Swedish and Indian investors a decision has now been taken to finally liquidate Swe Fly.
Plans were to set up a JV between a revitalised Swe Fly and the Indian lcc SpiceJet, and excluding the credits necessary to pay off Swe Fly's creditors, all other conditions were met.
The planned JV aimed 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.