Air Leap suspends operations and enters reorganization

The board of Air Leap Aviation AB has decided to apply for a corporate reorganization and at the same time cancel all aviation operations from 24 January 2022, it is stated in a press release from the company.

The main reason for the decision is that it is not financially defensible to continue the business in its current form with the conditions that exist today. The company has maintained airline operations for the past two years during Covid-19, with virtually non-existent state support. Air Leap has contributed to maintaining important infrastructure during the pandemic, which it believes should have meant significantly more financial support when considering the extensive restrictions that the industry has been affected by.