After three-day grounding of its planes, the Swiss regional airline SkyWork has been granted a fresh 12-month license to operate short-haul flights. It was found that there were new investors to uplift the financial standing of the airline. It lost its license because it could not provide sufficient funding to guarantee its 2017 and 2018 winter schedules.
The Director of Skywork Martin Inäbnit was reluctant to divulge the information regarding the new investors. A spokesman also denied the link between the new license and the speculation that two German logistics and maintenance companies were willing to rescue the regional carrier from bankruptcy.
The airline operates flights to 17 European countries with five planes and 120 employees. It has carried about 140,000 passengers this year serving destinations mainly in neighbouring Germany as well as in Austria, Britain and the Netherlands.