State rejects offer from flyLAL shareholders2009-03-16
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. Latest news2009-03-16 Tez Tour Latvia director loves Turkey 2009-03-16 Ghosts of Karosta Prison attract tourists 2009-03-16 Estonian Air cancels April Hamburg flights 2009-03-16 Five airlines depart RIX during winter season 2009-03-16 Hotels in Latvia go up for sale 2009-03-06 Bar damages Latvia’s international reputation 2009-03-06 Tallink transports 15% more passengers last quarter 2009-03-06 City council suggests postponing de Rome decision 2009-03-06 Estonia still hugely popular with the Finns
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