Regional Danish carrier Great Dane Airlines filed for bankruptcy and ceased operations on October 11, 2021, two years after its commercial debut.
“Great Dane Airlines has gone bankrupt today,” Great Dane Airlines announced on its social media message. “We have struggled through time with Corona, but unfortunately we can’t fly anymore.”
Great Dane Airlines’s owner Eigild Chirstensen told Danish news outlet BT that the carrier expected to lose as much as 5 million kroner ($585,725) every month in the upcoming winter season, hence its decision to file for bankruptcy.
According to the report, Great Dane Airlines has long been challenged by financial struggles. In 2019, the airline posted a net loss of 25.3 million kroner ($3.9 million). In 2020, Great Dane suffered another loss of 50.6 million kroner ($7.9 million).
Great Dane Airlines was founded in 2018. It offered charter and scheduled flight services. The Aalborg-based carrier operated its first charter flight to Rhode, Greece on June 14, 2019. On June 21, 2019, Great Dane took off with its first scheduled flight to Dublin, Ireland. Planespotters.net data indicates that Great Dane Airlines operated a total of three Embraer ERJ-195 regional jets.