Let's not bury them just yet?
While one of Viking’s tour operating customers, Flight Options, (Kiss Flights) has unfortunately gone into administration, Viking is financially healthy and is set to continue its normal UK operations. The company has already put into motion plans to downsize its fleet, immediately reducing the number of aircraft by three. Regrettably, this will result in some job losses, mainly in the UK. It should be noted that the majority of Viking’s operations are based in Central and Eastern Europe and in the Middle East.
For the financial year 2009, Viking Airlines reported a net profit of €3.8 million. The company also reported an equity ratio of 40%. Viking Airlines has no interest-bearing debt.
The company was formed in 2003 and is owned by European Aviation & Technical Services and Black Pearl Investments Ltd.