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Article: Goodjet applies for bankruptcy.(Brief Article)

Article from:
Nordic Business Report
Article date:
January 16, 2003
Copyright

NORDIC BUSINESS REPORT-16 January 2003-Goodjet applies for bankruptcy(C)1994-2003 M2 COMMUNICATIONS LTD http://www.m2.com

Swedish low-price airline Goodjet applied for bankruptcy today (16 January).

Goodjet has been in trouble since the aircraft operator Transair Sweden AB pulled out from a cooperation with the company following a financial dispute.

Goodjet, which has no aircraft of its own, was then unable to find a new operator and was forced to cancel all its flights.

In November the Dutch investment company SFI agreed to acquire a 67% stake in the company and to fund it with SEK200m, but ...

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