On 2 January 2009, Nordic Airways operated the first commercial flight between Europe and Iraq in 17 years. The flight carried about 150 passengers and operated between Copenhagen and Baghdad.[2]
On 24 January 2009, Nordic Airways lost their operator certificate due to financial troubles.[3]
From 2007, there were five MD-80s in the fleet. Nordic Airways operated many domestic flights for SAS when its fleet of Dash 8 Q400 was grounded in 2007. Shortly thereafter, Nordic Airways also began operating flights throughout northern Europe for SAS. Two MD-80s were returned to their lessors in 2007 and 2008.
By the end of 2009, only SE-DMT and SE-RDM remained in the fleet. One SAAB 340A (SE-LMX) was also flying in northern Sweden, and one Cessna 525 (SE-RIO) was part of the fleet through Panaxia[clarification needed].
By late 2009, the airline declared bankruptcy and stopped flying.