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04.05.2012 10:55Cimber Sterling Goes Bankrupt
Passengers left holding worthless tickets after airline cancels all routes
© PatxikuD5000@flickr.com
The Danish airline Cimber Sterling has declared bankruptcy after its owners decided not to continue their financial support of the company.
“Because of this, the board of directors has decided to declare the company bankrupt,” the company said in a statement, as reported by The Copenhagen Post.
The statement goes on to say that all of the airline’s flights are “provisionally cancelled” and that flyers that had purchased travel insurance would receive a refund from the Travel Guarantee Fund.
Travellers who did not purchase travel insurance are pretty much out of luck.
Jan Palmer, Cimber’s CEO, said he was most concerned about the airline’s customers.
"This is a sad day for Danish aviation, for Cimber Sterling and for me personally," Palmer told Jyllands-Posten. “But it is far worse for those passengers that have been left holding tickets.”
The bankruptcy hits domestic routes connecting Copenhagen Airport to Karup, Bornholm, Sønderborg and Billund especially hard because Cimber Sterling was the only company flying from those smaller airports to the capital. Passengers from Aarhus and Aalborg can still get to and from Copenhagen on SAS.
What will ultimately happen to Cimber Sterling’s routes, equipment – and more than 600 employees - is still uncertain.
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