Copenhagen - Thousands of passengers scrambled Wednesday to find alternative transport after the bankruptcy of low-cost Danish airline Sterling Airlines.
The airline Wednesday filed for bankruptcy and grounded all flights with immediate effect.
The some 1,100 employees were later informed that they had not been fired but were to remain at the disposal of the liquidators.
In a statement on its website, the airline cited that it had been impacted by the global financial recession that started in the autumn of 2007 and led to a "stagnation in the market."