Statements, financial news and other information.
Financial reorganization initiated for the parent company and Braathens Regional Airways. The process will not have any operational impact on flights, and production for SAS and Austrian Airlines will continue as usual.
At the end of August, Braathens' Board of Directors decided to focus on a growing fleet of the ATR72-600 turboprop, while Airbus aircraft linked to agreements with tour operators and other airlines would be gradually phased out. At that time, the Board of Directors and management were engaged in activities to secure financing for continued operations during the phase-out of the Airbus fleet. The financing activities initiated by the company have not been successful and as a result, the Board of Directors of Braathens International Airways AB has been forced to file for bankruptcy at the Solna District Court for the companies linked to the Airbus operations – Braathens International Airways AB and Braathens Crew AB. This means that all Airbus flight operations will be discontinued immediately. The companies have a total of approximately 200 employees, all of whom are covered by the state wage guarante
In connection with the expiration of the company's long-term commercial agreement regarding Airbus production, a market review has been conducted to ensure that the fleet strategy is in line with future market needs and creates long-term profitable growth. To better meet customer demand, the Board of Directors has decided on a direction that focuses on a growing single-type fleet of the ATR72-600 turboprop aircraft and a gradual phase-out of Airbus. The decision will make Braathens a pure ACMI provider in the turboprop segment on the European aviation market.
Stockholm, Sweden – May 14, 2025
Qarlbo Energy, owned by Qarlbo AB and FAM, has become a new investor in Braathens Renavia, a Swedish project development company focused on the production of sustainable aviation fuel (SAF). Qarlbo Energy is a leading hydrogen player in Sweden, investing in and partnering with forward-thinking companies aiming to transform the energy sector.
Renavia, in partnership with Mana Group and World Fuel Services, has signed a groundbreaking Memorandum of Understanding to supply easyJet with up to 150,000 tons of Sustainable Aviation Fuel (SAF) annually from 2030, including up to 75,000 tons of e-SAF.
