The Algarve again is being hit by the current global recession.
This morning, Sterling A/S, the Icelandic owned Scandanavian based Low Cost operator has declared bankruptcy.
This affects twice weekly flights from Faro to Copenhagen, Stockholm and a weekly flight to Oslo.
This leaves Faro without any direct link to Stockholm to Copenhagen. Oslo still has a flight link to Faro via Norwegian Air Shuttle.
This a serious blow to the Algarve as a winter destination for Scandanavian Passengers. One can only hope that Easyjet, Ryanair, Air Berlin or TuiFly step in to fill this gaping hole.
See:
http://www.guardian.co.uk/business/feedarticle/7948284
