Viking Airlines makes fleet and job cuts

Viking Airlines has announced an immediate downsizing of its fleet and ensuing job losses in the wake of the demise of Kiss Flights.

The airline has already released a statement saying it will downsize its fleet by three aircraft while most of the accompanying job losses will be in the UK.

However, a spokesman added: “While one of Viking’s tour operating customers, Flight Options, has unfortunately gone into administration, Viking is financially healthy and is set to continue its normal UK operations.”

He added Viking, which was formed in 2003 and is owned by European Aviation & Technical Services and Black Pearl Investments, recorded a net profit of €3.8 million for the 2009 financial year with an equity ratio of 40%. The airline is also free from interest-bearing debt.

“It should be noted that the majority of Viking’s operations are based in central and eastern Europe and in the Middle East,” he said.

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