Swedish regulators have downgraded regional carrier NextJet to a temporary air operator’s certificate (AOC) because of financial concerns, triggering the airline to recapitalize. NextJet operates a fleet of 14 aircraft—10 Saab 340s and four British Aerospace ATPs—on its own scheduled services and lease for other operators. However, on Aug. 18, Swedish CAA Transport Styrelsen wrote to the airline, voicing concerns about NextJet’s financial position. In the letter, ...

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