newstodate.aero
Oct 31, 2008 (newstodate): Hit by the bankruptcy of Icelandic-owned Sterling Airlines was also Essential Aircraft Maintenance Services at Copenhagen Airport that also filed for bankruptcy on October 29.
Staffed with 175 engineers and tecnicians, EAMS had Sterling as its single largest airline customer, accounting for some 70 percent of the total turnover, with a mix of smaller customers constituting the remaining market base that was not, however, offering enough growth potentials to sustain continued operations.
With Erik Lund as CEO, Essential was an international full service MRO provider to operators of Boeing 737 and was also planning to expand with Airbus 320 capability before the topple.
Staffed with 175 engineers and tecnicians, EAMS had Sterling as its single largest airline customer, accounting for some 70 percent of the total turnover, with a mix of smaller customers constituting the remaining market base that was not, however, offering enough growth potentials to sustain continued operations.
With Erik Lund as CEO, Essential was an international full service MRO provider to operators of Boeing 737 and was also planning to expand with Airbus 320 capability before the topple.