Switzerland’s SkyWork Files for Bankruptcy

Photo: Alexander Stahl

The last SkyWork flight landed in Bern Airport on Wednesday night, as ongoing financial difficulties forced the company to declare itself bankrupt. Some 11,000 passengers are affected.

SkyWork voluntarily returned its operating licence to the Federal Office of Civil Aviation (FOCA), after negotiations with a potential investor failed and resulted in SkyWork “being unable to provide the financial guarantees necessary to continue its operations”.

SkyWork will now file for insolvency due to its debt. The carrier experienced similar funding issues in October last year which forced it to temporarily suspend flights.