Great Dane Airlines filed for bankruptcy on October 11, 2021. The relatively young airline – founded in 2018 – was struggling with its finances and had incurred losses of 25.3 million kroner in 2019 and then over 50 million kroner in 2020.
In a statement on Facebook, the airline commented: “Great Dane Airlines has gone bankrupt today. We have battled through the corona times, but can unfortunately not fly anymore. Thank you to the many guests who have flown with us. Thanks to our co-operation partners.”
Owner Eigild B Christensen told local media that the company would not have been able to cope with monthly losses of 5 million kroner over the winter.