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bankruptcy and has ceased operations.

The airline informed passengers about the bankruptcy through mobile phone text messages sent overnight, according to rights issue, and does not have enough liquid assets to raise sufficient funds through for the Swedish news agency TT.

FlyMe had reportedly not been able to continue operations. a FlyMe was launched in 2004 and operated services from three Swedish cities to destinations in Europe, including London, Nice and Prague, The Associated Press reported. It has some 220 employees.

Swedish low-cost airline FlyMe Sweden AB said on Friday (2 March) that it would file

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Sweden"s FlyMe to file for bankruptcy
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