Cimber Sterling announced has announced that it has in effect been sold off. The airline has secured an agreement with Mansvell Enterprises to inject DKK165 million ($32 million) in the Danish carrier in return for a 70% stake. Cimber will become part of a new Nordic regional airline to be created by Mansvell. This news comes after Cimber said it would not be able to operate on a standalone basis but needed new equity and cash resources to service its creditors. Mansvell Enterprises is Cyprus based and is 75%-owned by Ukrainian billionaire Igor Kolomoisky. Mansvell will now hold 110.5 million

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