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Norwegian airline declares bankruptcy

24 January 2008

The small Norwegian airline Coast Air declared bankruptcy and immediately canceled all flights on Wednesday, saying it had been stunned by unexpected and unsustainable fourth-quarter losses.

Coast Air was Norway’s fourth-largest airline, after SAS Norway, Norwegian Air Shuttle and Wideroe. It had eight routes in Norway and two international connections, to Copenhagen, Denmark, and Gdansk, Poland.

source: Chron.com

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