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State rejects offer from flyLAL shareholders

2009-03-16

Lithuania’s Ministry of Transport and Communications says it is unwilling to assume responsibility or discuss a recent proposal regarding a new national airline from the shareholders of the company that owned the bankrupt airline flyLAL. The group of local businessmen offered the government to buy 50 percent of the shares in flyLAL Charters, a company that has continued operating charter flights since the collapse of flyLAL’s scheduled traffic, for LTL 4-7 million (EUR 1.16-2 million), or place the national carrier entirely in the hands of flyLAL Charters. Transport Minister Eligijus Masiulis retorted that it would be the government that decides whether the state would participate in the establishment of a national carrier.

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