History
The airline was established in December 2002 and started operations on 16 March 2003. Its cheap air fares were based on the fact that the e-tickets were only sold through Internet and phone. The airline claimed a successful beginning, as the passengers who formerly bought bus and train tickets now bought cheaper flights.
The president of the company was Peter Sevelius. The flight captains had been employed from Finnair. It had many celebrities as shareholders, such as the rally driver Juha Kankkunen. Its competitors included Finnair, Ryanair and Söder Airlines.
In January 2004, faced with the threat of the termination of its plane lease and operating license for unpaid debts, the financially ailing airline cancelled its flights to London and went into debt restructuring. On January 27, 2004, Flying Finn ceased all flights and prepared for bankruptcy. Over 20,000 passengers were left without tickets.
In August 2007, there was speculation by Keskusrikospoliisi (the National Bureau of Investigation) that there are financial irregularities due to the airline accounts, leading to seven former employees being accused of breaking bankruptcy laws.
Read more about this topic: Flying Finn (airline)
Famous quotes containing the word history:
“The history of a soldier’s wound beguiles the pain of it.”
—Laurence Sterne (1713–1768)
“You treat world history as a mathematician does mathematics, in which nothing but laws and formulas exist, no reality, no good and evil, no time, no yesterday, no tomorrow, nothing but an eternal, shallow, mathematical present.”
—Hermann Hesse (1877–1962)
“Regarding History as the slaughter-bench at which the happiness of peoples, the wisdom of States, and the virtue of individuals have been victimized—the question involuntarily arises—to what principle, to what final aim these enormous sacrifices have been offered.”
—Georg Wilhelm Friedrich Hegel (1770–1831)