Vildanden in mid October. To be able to breach the agreement with Coast Air—who still had a wet leasing contract, but were not able to put into operation a larger aircraft—the company Skien Lufttransport AS was created, and it purchased all the revenue and passenger rights from Vildanden. At the same time, it became the legal counterpart for DAT. The new aircraft was put into service on 31 October, branded with the Vildanden logo. Coast Air chose to continue operating the route between Bergen and Skien in their own name, and used the same aircraft and slot times. At Skien Airport, the Vildanden passengers were given the choice between Coast Air and Vildanden, and all nineteen chose Vildanden. On the return flight, three passengers chose each airline. Both aircraft flew to Skien, but due to heavy rain, only the aircraft from DAT was able to land. The passengers who had taken the Coast Air aircraft were instead forced to land at Sandefjord Airport. The following day, Coast Air terminated their flights, but stated that they still had an agreement with Vildanden. Skien Lufttransport on their hand stated that Vildanden was now a sleeping company, and that contract therefore was terminated. Both companies considered the incident a legal matter. In December, the two companies settled out of court. Bankruptcy Until 2004, Coast Air was owned by the holding company Kystfly AS (Norwegian for "Coast Air"), which was again owned by four people: Trygve Seglem through TS Invest, Harry Aase through Aase Invest, Asbjørn Utne and the Hystad family through Karmsund Maritime Invest. From 2001 to 2003, NOK 35 million were given in private placements to the company, but in February 2004, the Hystad family chose to withdraw from the corporation. At the time the company had 78 employees. By April the company was on the verge of bankruptcy, but private placements by Seglem and Aase meant the company could continue operating. However, the entire ATR 42-fleet would be sold, and Coast Air was to change focus to the wetleasing market with the Jetstream 31 aircraft. In August 2004, Seglem bought the entire company from the partners. After the reorganization, the company made a small profit in the last quarter of 2004. However, for the whole 2004, the company lost NOK 17.6 million. In September, Coast Air started flying the Stord–Oslo route again, using the ATR planes, following the termination by Golden