Struggling Swiss regional carrier SkyWork Airlines will be able to continue operations after it concluded a strategic partnership with Germany’s MHS Aviation. Under the agreement, CEO Tomislav Lang has stepped down with immediate effect and sold his 40% shareholding in SkyWork. Chief Operating Officer Rolf Hartleb has been elevated to CEO. SkyWork says the partnership with MHS Aviation creates “significant” opportunities for synergies and cost savings, which it says are “the recipes ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Switzerland's SkyWork Finds New Investors".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.