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NB (Sterling Airlines) Goes Belly Up  
User currently offlineEBGARN From Sweden, joined Jan 2008, 226 posts, RR: 0
Posted (6 years 1 month 1 day 2 hours ago) and read 13970 times:

Danish/Icelandic 'Sterling Airlines', founded in 1962, will file for bankruptcy today. All flights are cancelled.

http://www.sterlingflights.co.uk/

[Edited 2008-10-28 23:11:04]


A306,A319/20/21,A332/3,A343/6,A380,B717,B727,B737,B744,B752/3,B763,B772/3/W,C-130,AN26,CRJ900,Il62,DC-8/9/10,MD80's,BaeR
60 replies: All unread, showing first 25:
 
User currently offlineBeaucaire From Syria, joined Sep 2003, 5252 posts, RR: 25
Reply 1, posted (6 years 1 month 1 day 2 hours ago) and read 13861 times:

Sad story but unfortunately predictable,since their operations had a much higher cost-structure than FR or Easy..
SAS should gain some additional business though and eventually should lay on some new flights,specialy into southern Europe.



Please respect animals - don't eat them...
User currently offlineLarshjort From Denmark, joined Dec 2007, 1509 posts, RR: 0
Reply 2, posted (6 years 1 month 1 day 2 hours ago) and read 13852 times:

Hardly a surprise to anyone

Quoting EBGARN (Thread starter):
Danish/Icelandic 'Sterling Airlines', founded in 1962, will file for bankruptcy today. All flights are cancelled.

Although originally founded in 1962 this is the second time it goes belly up. first time was in 1993.

/Lars



139, 306, 319, 320, 321, 332, 34A, AN2, AT4, AT5, AT7, 733, 735, 73G, 738, 739, 146, AR1, BH2, CN1, CR2, DH1, DH3, DH4,
User currently offlineHowSwedeitis From Sweden, joined Jul 2007, 586 posts, RR: 0
Reply 3, posted (6 years 1 month 1 day 1 hour ago) and read 13818 times:
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Quoting Larshjort (Reply 2):
this is the second time it goes belly up. first time was in 1993.

Well, hopefully they can bounce back after the crisis.

-HSII



Heja Sverige!!
User currently offlineAsiaflyer From Singapore, joined May 2007, 1148 posts, RR: 0
Reply 4, posted (6 years 1 month 1 day 1 hour ago) and read 13789 times:

Sterling announced earlier that they were going to reduce flights by 50%, so this was unfortunately in the cards.
Sounds like it can be difficult to recover this time amid tougher competition and cooling market.



SQ,MI,MH,CX,KA,CA,CZ,MU,KE,OZ,QF,NZ,FD,JQ,3K,5J,IT,AI,IC,QR,SK,LF,KL,AF,LH,LX,OS,SR,BA,SN,FR,WF,1I,5T,VZ,VX,AC,NW,UA,US,
User currently offlineMoriarty From Sweden, joined Jan 2006, 190 posts, RR: 0
Reply 5, posted (6 years 1 month 1 day 1 hour ago) and read 13775 times:

Sad news. I like Sterling.


Proud to part of www.novelair.com.
User currently offlineBeaucaire From Syria, joined Sep 2003, 5252 posts, RR: 25
Reply 6, posted (6 years 1 month 1 day 1 hour ago) and read 13750 times:

Without the Islandic-financial crisis that would not have happened..
Now that the oil-prices are going down substantially,the argument of high fuel-costs has been somewhat removed-unless they were in a very hgh hedging-contract..



Please respect animals - don't eat them...
User currently offlineOHLHD From Finland, joined Dec 2004, 3962 posts, RR: 25
Reply 7, posted (6 years 1 month 1 day 1 hour ago) and read 13749 times:

Grrr, I planned to travel on them in Dec! Sad

Now they are gone...... Very sad to hear!


User currently offlineShankly From United Kingdom, joined Jan 2000, 1547 posts, RR: 1
Reply 8, posted (6 years 1 month 1 day 1 hour ago) and read 13648 times:

Sad to hear...remember their Sunday evening Caravelles and 727's into Stansted in the 70's

But emotions aside, just a small part of the long line of failures we will see over the next 18 months



L1011 - P F M
User currently offlineSomeone83 From Norway, joined Sep 2006, 3480 posts, RR: 3
Reply 9, posted (6 years 1 month 1 day 1 hour ago) and read 13581 times:



Quoting Larshjort (Reply 2):
Although originally founded in 1962 this is the second time it goes belly up. first time was in 1993.

Actually, it's the third time.

But it shouldn't surprise anyone.


User currently offlineSAS747 From Denmark, joined Feb 2008, 6 posts, RR: 0
Reply 10, posted (6 years 1 month 1 day 1 hour ago) and read 13566 times:

Seems that SAS has decided to help passengers stranded in counties abroad, as a result of the Bankruptcy of Sterling Airlines A/S.

Only in Danish
http://nyhederne.tv2.dk/article.php/id-17411202.html?forside

According to the CEO of SAS (Susanne Larsen) (Translated from Danish from the above web page)

"We would like to offer costumers, which has been stranded in country outside of Copenhagen, that in the next 48 hours that they can contact SAS. If there are empty seats on plains which flys to destinations that SAS serves that we take those passengers with us, even if they hold a Sterling ticket."

It is nice to see that SAS is helping out Sterling costumers in this time of financial crisis. Hopefully this would restore some trust in SAS, as they also have been having financial problems.

Most of all I feel sorry for those passengers that have worthless tickets, and lost there money when they were expecting to go on vacation.  Sad


User currently offlineAirlittoralguy From France, joined Nov 2005, 235 posts, RR: 0
Reply 11, posted (6 years 1 month 1 day ago) and read 13532 times:

How big was Sterling ? How many Boeing did they fly ? Does their end mean additional capacity by SAS and norwegian ?


Normandie : La r�©unification, maintenant ! http://www.mouvement-normand.com/
User currently offlineBeaucaire From Syria, joined Sep 2003, 5252 posts, RR: 25
Reply 12, posted (6 years 1 month 1 day ago) and read 13510 times:

4 Boeing 737-500
17 Boeing 737-700
8 Boeing 737-800



Please respect animals - don't eat them...
User currently offlineCHRISBA777ER From UK - England, joined Mar 2001, 5964 posts, RR: 62
Reply 13, posted (6 years 1 month 1 day ago) and read 13492 times:

Called it.

Not a huge suprise at all.

I give it two hours before one of our DL fanboys comes in and enquires about the 737NGs.  Sad



What do you mean you dont have any bourbon? Do you know how far it is to Houston? What kind of airline is this???
User currently offlineTobseren From Denmark, joined Sep 2006, 40 posts, RR: 0
Reply 14, posted (6 years 1 month 1 day ago) and read 13466 times:

Very very sad news. Sad to not see the regular Red colors in Copenhagen anymore...
Were supposed to fly with NB to Burgas next summer...

Hope they will raise again sometime



Flown on: A300, A320, A321, ATR42, ATR72, B733, B738, E170, MD82, Saab 340
User currently offlineSlz396 From , joined Dec 1969, posts, RR:
Reply 15, posted (6 years 1 month 1 day ago) and read 13465 times:



Quoting SAS747 (Reply 10):
Seems that SAS has decided to help passengers stranded in counties abroad, as a result of the Bankruptcy of Sterling Airlines A/S.

Don't be fooled into thinking SAS suddenly feels responsible for other airlines' pax!
Last-minute Commercial offers like these often happen in case of bankruptcy of a competitor and are only ment to bring alternatives in the spotlight of surprised pax looking for an alternative and to increase revenues on already existing flights.

Don't think for a minute you'll be getting on the SAS flight for free when you're holding a Sterling ticket! Even if they don't charge you an airfare as such, you'll still have to pay all the taxes, otherwise SAS would be loosing money on each Sterling pax it takes on board! After all, the carrier that brings in the pax needs to pay the airport taxes, so in case you rebook on SAS, you'll at least have to pay your taxes again, even though you've already paid them to Sterling. And I bet you can add some other taxes, fuel fees, handling fees, last-minute rebooking fee to those airport taxes... FR is not the only company in Europe which knows how to turn a "free ticket" into a good yield still. Big grin


User currently offlineSomeone83 From Norway, joined Sep 2006, 3480 posts, RR: 3
Reply 16, posted (6 years 1 month 1 day ago) and read 13389 times:



Quoting Slz396 (Reply 15):
Quoting SAS747 (Reply 10):
Seems that SAS has decided to help passengers stranded in counties abroad, as a result of the Bankruptcy of Sterling Airlines A/S.

Don't be fooled into thinking SAS suddenly feels responsible for other airlines' pax!

Norwegian are doing the same.

...but I'll say it's a fair game!


User currently offlineSKAirbus From Norway, joined Oct 2007, 1789 posts, RR: 1
Reply 17, posted (6 years 1 month 23 hours ago) and read 13111 times:

I have lost about DKK 2000,- on tickets with Sterling..

First was my flight home for christmas and i have just forked out DKK2000 for CPH-LHR with BA... also i am going to Stockholm in March and have just had to fork out DKK1000 with SAS (who now have a monopoly on the route and most routes out of CPH)....

So a very expensive weekend...

I am starting to think that the Icelandics shouldn't be allowed to own any more foreign companies... until their financial situation is sorted out anyway!



Next Flights: LHR-IAH (744-BA); MSY-ATL (752-DL); ATL-LGA (320-DL); JFK-LHR (744-BA)
User currently offlineMortyman From Norway, joined Aug 2006, 4055 posts, RR: 1
Reply 18, posted (6 years 1 month 23 hours ago) and read 13100 times:

Apparently Sterling was not a member of IATA... Thats bad news for passengers hoping to get some money back...

User currently offlineMEA-707 From Netherlands, joined Nov 1999, 4353 posts, RR: 35
Reply 19, posted (6 years 1 month 22 hours ago) and read 13026 times:

Sterling and let's not forget Maersk (passenger) were both legendary names which might now disappear forever. Of course the name Maersk is (probably) surviving thru to the Star Air cargobrand and not to forget their shipping activities.

Here some pictures as a tribute to both Danish airlines.
Sterling, Sterling European

View Large View Medium
Click here for bigger photo!

Photo © Kjell Nilsson
View Large View Medium
Click here for bigger photo!

Photo © Jordi Grife - Iberian Spotters



View Large View Medium
Click here for bigger photo!

Photo © Javier Rodriguez - Iberian Spotters
View Large View Medium
Click here for bigger photo!

Photo © Kevin M Bates


Maersk

View Large View Medium
Click here for bigger photo!

Photo © F. de Ruiter
View Large View Medium
Click here for bigger photo!

Photo © Andreas Kratz



View Large View Medium
Click here for bigger photo!

Photo © Olaf Juergensmeier
View Large View Medium
Click here for bigger photo!

Photo © Javier Rodriguez - Iberian Spotters




nobody has ever died from hard work, but why take the risk?
User currently offlineSomeone83 From Norway, joined Sep 2006, 3480 posts, RR: 3
Reply 20, posted (6 years 1 month 21 hours ago) and read 12801 times:



Quoting SKAirbus (Reply 17):
I have lost about DKK 2000,- on tickets with Sterling..

First was my flight home for christmas and i have just forked out DKK2000 for CPH-LHR with BA... also i am going to Stockholm in March and have just had to fork out DKK1000 with SAS (who now have a monopoly on the route and most routes out of CPH)....

So a very expensive weekend...

This is why you should pay your airline tickets using a credit card. Then the credit card company would have been liable for your loss


Btw, I'll very surprised if Norwegian.se (former FlyNordic) doesn't restart the ARN-CPH route. They used to operate this until they began code-sharing with Sterling and I see that they have put up two extra round trips ARN-CPH today


User currently offlineRunway23 From US Minor Outlying Islands, joined Jan 2005, 2216 posts, RR: 35
Reply 21, posted (6 years 1 month 21 hours ago) and read 12772 times:



Quoting SKAirbus (Reply 17):
First was my flight home for christmas and i have just forked out DKK2000 for CPH-LHR with BA... also i am going to Stockholm in March and have just had to fork out DKK1000 with SAS (who now have a monopoly on the route and most routes out of CPH)....

If you paid by credit card your credit card company will repay your tickets bought with sterling.


User currently offlineCornish From United Kingdom, joined Feb 2005, 8187 posts, RR: 54
Reply 22, posted (6 years 1 month 21 hours ago) and read 12731 times:

No surprise at all. Everyone saw it coming.

It was already in trouble anyway, but with Iceland in seemingly meltdown mode in the current financial crisis, its no surprise that tipped them over the edge.

With XL gone as well, aside from Icelandair, are any of the Icelandic owned airlines around Europe still flying ?



Just when I thought I could see light at the end of the tunnel, it was some B*****d with a torch bringing me more work
User currently offlineOyKIE From Norway, joined Jan 2006, 2754 posts, RR: 4
Reply 23, posted (6 years 1 month 21 hours ago) and read 12641 times:

Sad new indeed. I once flew a Sterling 727 from KRS to FBU on behalf of Braathens SAFE. That was a nice change from the regular 732.

Being that Norwegian did not buy them makes me believe that Sterling would have allot of debt and/or unsolved problems. I hope DY will start a Danish HUB and then be represented in all three Scandinavian countries.

I wonder if other Scandinavian operators will be quick in increasing frequencies og start new routes to fill the gap left by Sterling.



Dream no small dream; it lacks magic. Dream large, then go make that dream real - Donald Douglas
User currently offlineOwlEye From Netherlands, joined Feb 2006, 962 posts, RR: 2
Reply 24, posted (6 years 1 month 21 hours ago) and read 12611 times:

Again a fallen icon in aviation. What a pitty the famous 'S' disappears. Their Caravelles were legendary. The 'S'-signed tailfin was re-introduced not long ago.

http://www.airplane-pictures.net/images/uploaded-images/2008-7/20568.jpg

[Edited 2008-10-29 04:54:39]

25 Planesarecool : Another one to add to the list of airlines lost at Gatwick this year: Oasis Nationwide American Continental Wizzair Germanwings XL Zoom Astraeus Sterl
26 SKORD : You will always have an endless amount of TCX and TOM! Boring as hell, i know! Slowly but surely the interesting ones dissapear and all we are left w
27 Post contains links Someone83 : Norwegian just released this press release: Norwegian establishes base at Copenhagen airport Wed Oct 29 14:32:14 CET 2008 Following the collapse of St
28 AirbusA6 : Perhaps they'll rename it Easywick
29 PlaneWasted : The employees will not receive salaries for September and October. I feel sorry for them.
30 SKAirbus : Well i am holding my breathe... i stopped short at paying for my SAS ticket (the BA one was a necessity so i KNEW i could be home for christmas....).
31 Someone83 : I don't have debt either, but I still use credit cards as a method of paying for alot of stuff. Simply to reduce both the risk og losing my money or
32 Alessandro : Seem like Norwegian and SAS are covering up, Sterling covered up for Flyme, odd that they suffer the same thing later.
33 Prebennorholm : It has been rumored all this autumn that Sterling would fold. They did produce a profit last year, for the first time since having been taken over by
34 Post contains links Someone83 : Norwegian is not taking over Sterling. Instead do they establish a base at CPH with initial flights to ARN, AAL, AGP, NCE and ALC http://norwegian.no
35 Humberside : The same people who own Sterling own 51% of Astraeus, and also Iceland Express I think (though they are a virtual airline). I think dont think Jet X
36 MillwallSean : Well Sterlings so called profit from last year is debatable at best. Another one of those icelandic profits that in fact is air if you ask me. Whats s
37 Prebennorholm : Right, of course Norwegian is not taking over Sterling. But Norwegian was ready to host a press conference in Copenhagen hours after the Sterling shu
38 OyKIE : Kjos and he's people are geniuses that pull this of as fast as they do. I just asked about it this morning in another thread and later in this about
39 Mortyman : So how will this effect SAS. Will Norwegian become a bigger / more serious competitor ?
40 Prebennorholm : Why November? Why not October? If Norwegian and Sterling happens to lease their planes from the same leasing company, then Norwegian could have all t
41 Post contains images Viscount724 : The original Sterling (when their name was Sterling Airways, not Airlines) was also one of the very few airlines to operate the 727 on transatlantic
42 MillwallSean : Another thing that is worrying is the fate of all other assets, hmm, majority owned by Fons and the northern travel group. Scandinavias largest travel
43 Prebennorholm : Fons Eignarhaldsfelag hf (100% owned by Mr. Palmi Haraldsson) on 16th September this year took over the remaining 38% stake in Northern Travel Holdin
44 Prebennorholm : Yup, fuel stop at KEF. BTW, the only time I flew with the old Sterling Airways was a 727-200 charter flight to KEF back in 1979. I remember it very w
45 MWHCVT : This is going to make it difficult for the PAX I have to say this, you are not guaranteed to get all of your money back, I you have paid for the CPI
46 OyKIE : Because I thought all their 738 was flying premium routes for DY and thus not ready in such a short time. Of course, they could if the lease rates ar
47 Mortyman : I remember flying a red and white Sterling 727 in the early 80's from Norway to Rhodes or somewhere in Spain. I have a 1/600 scale ( I think ) model o
48 SKAirbus : Quite big.. Gatwick was a big destination for them.... From they they flew to AAL, BLL, CPH, ARN and OSL... they also flew to East Midlands and Edinb
49 Larshjort : Thier planes have always been red except for thier beach ball colour scheme a few years ago with blue, yellow, green and red aircrafts. And the odd b
50 Someone83 : Except for one Finnair cancellations, both seems to be operating as normal. One of the other handling agents have probably stepped in as a temporary
51 Larshjort : Novia has taking over the handling of Air Berlin, Easyjet, Finnair and Transavia. SGS has taking over th handling of Iceland Express and TAP. It is a
52 Post contains links Nighthawk : Menzies Aviation are a massive ground handling company with bases across the world - can you confirm the company has gone bust, or do you mean they h
53 TristarSteve : Menzies is the biggest handling agency at ARN after SGS. Seems to be working normally!
54 Someone83 : It's Menzies Aviation Denmark that has been decleared bankrupt. I.e. only their CPH-station
55 Oby : what effect will this have on operations from CPHand which ailines will make new routes, besides norwegian. in a statement CPH has said they have enou
56 AJMIA : I was under the impression that Sterling bought the remnants of Maersk? They flew a lot of their old routes. I flew Maersk several times. They were a
57 MillwallSean : trust me, palmi is not in a situation where he has money. Just like i said a month ago that Sterling asked for help I can safely say that palmi and h
58 Post contains links OyKIE : According to Aftenposten.no Sterling might be up and running again. Several new owners are looking at picking op the AOC and the most profitable route
59 LNv22 : Anyone knows what Sterlings very last flight was?
60 SKAirbus : It was a late evening flight form London Gatwick to Copenhagen... All 30 aircraft at now parked up at Kastrup... awaiting their fate..
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