Barely two years after its maiden voyage, Great Dane Airlines has pulled the plug and filed for bankruptcy.
According to a statement on social media, the airline was unable to tackle the challenges presented by the ongoing COVID-19 pandemic.
“Great Dane Airlines has gone bankrupt today. We have battled through the corona times, but can unfortunately not fly anymore. Thank you to the many guests who have flown with us. Thanks to our co-operation partners,” the airline wrote on Facebook.
Heavy turbulence ahead
The airline has always struggled with its finances – incurring losses of 25.3 million kroner in 2019 and then over 50 million kroner in 2020.
Eigild B Christensen, the owner of the airline, told BT tabloid that the company was facing monthly losses of 5 million kroner over the winter and decided it was best to call it a day now.
Great Dane Airlines was founded back in 2018 by its CEO Thomas Hugo Møller, and its maiden voyage left for Rhodes on 14 June 2019.