January 27, 2004 at 6:42 pm
Flying Finn filed for bankruptcy today (27th January). All flights will be flown normally today but as of midnight, the company will suspend all flights. The company has a debt of €8 million – ouch!
There is a press release at http://www.flyingfinn.fi but it is only in Finnish.
So Finland has lost its only loco. Could this be the start of a trend of other locos to end operations. I believe airlines such as Helvetic will end up making heavy losses.
Regards
dan777