Other European Frequent Flyer Programs - Cimber Sterling is Bankrupt

It would seem that the Danish airline Cimber Sterling is the latest victim in the current string of bankruptcies. Hope not too many of you were caught up in it:

http://news.airwise.com/story/view/1336025452.html

Covered off-topic in the SAS-forum:
http://www.flyertalk.com/forum/sas-eurobonus/1342324-cimber-sterling-bankrupt-2.html#post18527678

sister company Skyways (and former City Airline) are now bankrupt as well and stopped operations today

Blimey.. they are all just going one after another, aren't they? I had been led to believe that Cimber had been acquired by some Ukrainian businessman and would resume operations, but only on behalf of other carriers, such as SAS.