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Braathens Regional Airlines enters financial reorganisation

Swedish carrier BRA, Braathens Regional Airlines and its subsidiary Braathens Regional Airways have begun a court-approved financial restructuring process, similar to US Chapter 11, to secure the future…

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News

Braathens Regional Airlines enters financial reorganisation
Swedish carrier BRA, Braathens Regional Airlines and its subsidiary Braathens Regional Airways have begun a court-approved financial restructuring process, similar to US Chapter 11, to secure the future of their ATR turboprop operations. The move follows the bankruptcy of its Airbus-operating units just a week earlier on 30 September.

The restructuring aims to cut costs, renegotiate contracts, and support BRA’s transition to operating solely as an ACMI (Aircraft, Crew, Maintenance, Insurance) provider. The airline confirmed that operations for SAS Scandinavian Airlines and Austrian Airlines will continue unaffected. 

Whilst job redundancies are expected, no decisions have been finalized. BRA also stated that there are currently no plans to scale down its fleet of 17 ATR72-600s.

Further details on the restructuring plan will be announced in the coming weeks as BRA focuses on strengthening its position in the turboprop ACMI market.

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