Time Air Sweden, also known as Air Sweden, was a short-lived airline from
Sweden
Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic country located on ...
that operated from 1991 to 1993.
History
The airline was established as LBF-Eda Varken in 1955 and operated taxi flights. It was renamed to Abal Air in 1982 and Time Air Sweden in 1990. Air Sweden was set up as a charter airline because the airline market in Sweden had not yet been deregulated. The airline operated cargo flights with its single Douglas DC-8-71F on the route
Ostend-
Stockholm
Stockholm () is the Capital city, capital and List of urban areas in Sweden by population, largest city of Sweden as well as the List of urban areas in the Nordic countries, largest urban area in Scandinavia. Approximately 980,000 people liv ...
-
Delhi.
The airline was owned by the Swedish businessman and former owner of
Transwede
Transwede Airways AB, was a Sweden, Swedish charter and later also scheduled airline operating between 1985 and 1998. Based at Stockholm Arlanda Airport, Transwede initially flew Sud Aviation Caravelles and from 1987 also McDonnell Douglas MD-80s ...
, Thomas Johansson, with the main creditor being
GE Capital. When GE Capital canceled the credits in 1993, the airline went bankrupt. This was due to the high losses related to an economic downturn in Sweden, as well as the purchase of two
Lockheed L-1011 TriStars.
Parts of the airline were later used to form
West Air Sweden
West Air Sweden, operating as West Atlantic, is a cargo airline based in Malmö, Sweden. It operates scheduled and ad hoc freight charter services for FedEx, DHL and UPS. It is also contracted to operate mail flights for different postal servi ...
, specifically the single
IAI Westwind that was left after the first one crashed.
There is no connection between Time Air Sweden and the more recent airline
Air Sweden
Air Sweden was a short-lived airline based in Stockholm, Sweden, which operated charter flights out of Stockholm-Arlanda Airport, and worldwide aircraft lease services. The company was founded as the successor of Nordic Airways and received its ...
.
Fleet
See also
*
Airlines
*
Transport in Sweden
References
{{DEFAULTSORT:Air Sweden (1991-1993)
Defunct airlines of Sweden
Airlines established in 1991
Airlines disestablished in 1993
Swedish companies established in 1991
Swedish companies disestablished in 1993