Passengers who lost their flights when flyLAL abruptly suspended its flights on Saturday morning rushed this weekend to change their travel routes or simply blamed the Lithuanian company not only for the bankruptcy but also for its failure to inform its clients. The airline’s license was suspended due to financial difficulties which, said the airline, could have posed a threat to safety. The decision was announced on Friday evening and flyLAL aircraft were grounded on Saturday morning. Jan-Erik J Jansson, head of SCH Swiss Capital Holding AG, the company that wanted to buy 100 percent of flyLAL’s shares, admitted on Thursday that the money he had pledged had not been transferred on time due to what he called “banking problems” and it was impossible to contact bank officials from Friday.

 

Verslo Zinios, 2009-01-19