The selling of Skyways

The low-price companies entry onto the airline market during the beginning of the 2000s entails losses for 2004 and 2005 of several billion SEK for the larger airlines Swedish domestic flights and this leads to a severe slimming down of Skyways in 2005. In 2008 SAS sells its holdings and in 2009 sells the subsidiary that runs the operative business so that Skyways can completely focus on ticket sales, marketing and the brand. In December 2010 the remaining operations is sold to the Ukrainian oligarch Ihor Kolomojskyj who wants to get at the operative licence in order to fly Embraer in the EU, where he plans to start a new North-European airline with, amongst others, Danish Cimber Sterling.