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Danish low-cost airline Primera folds wings.

COPENHAGEN (AFP) - Danish low-cost airline Primera Air halted operations on Tuesday, citing financial troubles that forced it to file for bankruptcy, and leaving angry passengers stranded.

The move by Primera, which started in 2003 in Iceland and famously flew across the Atlantic for under $100, sent travel companies scrambling for alternative flights for customers.

Calling it a ''sad day'' for both the airline's employees and passengers, Primera said it had worked relentlessly to secure long-term financing.

''Not being able to reach an agreement with our bank for a bridge financing, we had no other choice than filing for bankruptcy,'' the carrier said.

Primera Air and its codes for the world airline trade group, International Air Transport Association, were suspended from Oct. 2, it said on its website.

Primera had focused on charter flights for Scandinavian holidaymakers, but had pushed into the new low-cost transatlantic segment by offering one-way flights linking Paris and London with New York for $99 (86 euros).

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Title Annotation:Shipping
Publication:Manila Bulletin
Date:Oct 3, 2018
Words:162
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