Last Updated: Tue Nov 02, 2010 18:07 pm (KSA) 15:07 pm (GMT)

Swedish airliner that flew to Iraq goes bankrupt

Sweden is one of the European countries that has taken the most Iraqi refugees (File)
Sweden is one of the European countries that has taken the most Iraqi refugees (File)

Direct flights from Europe to Baghdad didn’t prove to be a profitable business for Sweden’s Nordic Leisure charter company.

The Swedish airliner that launched the first passenger flight between Iraq and Europe in nearly two decades just this month has lost its license to fly, the company and Swedish authorities said.

The Nordic Leisure charter company "can no longer fulfill its engagements and obligations towards its passengers" for financial reasons, the Swedish transportation agency Transportstyrelsen said in a statement.

The company had put out its own statement that did not say how many passengers might be affected by the move.

A Nordic Leisure craft landed at Baghdad airport on Jan.2 with 150 mostly Iraqi passengers on board, in the first commercial flight from Europe to Iraq since the first Gulf war in 1991.

Sweden counts among those European countries that have taken in the largest numbers of Iraqis fleeing the violence that has raked havoc in the country since the 2003 U.S.-led invasion.

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