Cimber Sterling declares bankruptcy

Discussion in 'Other Airlines | Europe' started by uggboy, May 3, 2012.  |  Print Topic

  1. uggboy
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    uggboy Gold Member

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    Cimber Sterling declares bankruptcy:(

    SOURCE: http://www.businesstraveller.com/news/cimber-sterling-declares-bankruptcy

    Very sad news, as capacity goes down, flight prices go up!:(
     
  2. OY-JFS
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    OY-JFS Gold Member

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    Not so sure capacity will go down. Danish Air Transport, Norwegian, Skyways and Sun-Air of Scandinavia (franchise of BA) have already take over most of the routes, and SAS and Norwegian have increased capacity on routes where they competed with Cimber before the bankruptcy.
    Also, Flybe Nordic (joint venture between Flybe (60%) and Finnair (40%)) have also declared that they are ready to enter the Danish domestic market, as well as launching regional routes.

    Subject is also covered off topic in the SAS forum
     
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  3. Merlin
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    Merlin Gold Member

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    With the rapid decline in the Danish domestic market (-9% the average passenger decline of the first three months this year, -10% if you compensate for the leap day), one may well say not much has to be changed capacity wise to swallow the void after Cimber.
     
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