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International Internet Magazine. Baltic States news & analytics Wednesday, 24.04.2024, 19:14

Swedish companies demand bankruptcy of Estonian Avies

BC, Tallinn, 06.05.2015.Print version
Swedish companies are demanding in Harju County Court the bankruptcy of Estonian aviation company Avies, LETA/Public Broadcasting reports.

Swedewings AB and Bromma Air Maintenance AB have submitted applications to declare bankruptcy of Avies AS; hearings in both cases take place today.

 

Postimees wrote in March that the Swedish Transport Agency Trafikverket severed overnight three service contracts with Avies at the start of March and will not conclude new ones with it.

 

Trafikverket criticised Avies for flight cancellations, delays and unjustified inaccuracy.


In addition, a couple of dozen pilots who were fired from Avies at the end of last year, have turned to court, demanding unpaid wages.

 

Avies director Allan Soll has acknowledged that the company has debts to pilots as it ran into difficulties when the contracts in Sweden were cancelled without notice.

 

In a couple of months, the number of employees of Avies decreased from a hundred to 10-15, and turnover fell from 12-15 million euros a year to 2-3 million a year, and therefore the airline reduced its fleet from 13 to 6 planes.






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