Swedish regulators downgrade AOC for NextJet regional
Swedish regulators have downgraded regional carrier NextJet to a temporary air operator’s certificate (AOC) because of financial concerns, triggering the airline to recapitalize. NextJet operates a fleet of 14 aircraft—10 Saab 340s and four British Aerospace ATPs—on its own scheduled services and lease for other operators. However, on Aug. 18, Swedish CAA Transport Styrelsen wrote to the airline, voicing concerns about NextJet’s financial position. In the letter, Transport Styrelsen told NextJet to send back its original AOC documents, which will be replaced with a temporary AOC until Nov. 17. The temporary license is intended to give NextJet time to sort out its finances and come up with a solution. Following the intervention, NextJet’s management team agreed to a recapitalization.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-09-01/unaligned/swedish-regulators-downgrade-aoc-for-nextjet-regional
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Swedish regulators downgrade AOC for NextJet regional
Swedish regulators have downgraded regional carrier NextJet to a temporary air operator’s certificate (AOC) because of financial concerns, triggering the airline to recapitalize. NextJet operates a fleet of 14 aircraft—10 Saab 340s and four British Aerospace ATPs—on its own scheduled services and lease for other operators. However, on Aug. 18, Swedish CAA Transport Styrelsen wrote to the airline, voicing concerns about NextJet’s financial position. In the letter, Transport Styrelsen told NextJet to send back its original AOC documents, which will be replaced with a temporary AOC until Nov. 17. The temporary license is intended to give NextJet time to sort out its finances and come up with a solution. Following the intervention, NextJet’s management team agreed to a recapitalization.<br/>
