Skyways files for bankruptcy

The Swedish's airline Skyways has filed for bankruptcy. According to the official statement, the closure of Cimber Sterling has affected them obliging them to stop operations.

Skyways Express AB with its daughter company City Airline AB have today been forced to stop all payments.
As a consequence all flights have also been cancelled with immediate effect. Both companies will apply for Bankruptcy in the morning.
Therefore there will be no use for passengers to go to the Airport.
The owners of the company have decided not to fund the company any longer and therefore the Board of Directors was forced to decide to stop all payments and to stop all flights.
“It feels very sad for the Company and for our passengers that will be immediately affected. It is also very sad for the personnel also at risk to lose their jobs. We have come far in turning the company around to turn the company around but after the Bankruptcy of Cimber it became almost impossible to continue” says Mikael Wångdahl CEO for Skyways and City Airline.
Contact information will be updated soon. 

It's not looking good for the low cost carriers and the passengers that fly with them!