Swedish Avro RJ operator Transwede has announced its intention to shut down by the end of the year, once its last contracts come to an end. The airline operates four Avro RJ70s and two RJ85s. With airlines throughout the world cutting capacity due to the economic crisis, demand for ACMI leases has plummeted. Three of Transwede’s RJ70s are already being handed back to the lessors. SE-DJY (msn E1224) and SE-DJZ (msn E1225) have been in storage at Southend for some time now, and will shortly be joined by SE-DJX (msn E1223). The airline will finish out the current contracts with the remaining aircraft, and then shut down. The Air One contract will end on 17 November. The airline’s last flight is currently scheduled to be operated on 20 December, but it is possible that some last-minute contracts might extend that date.