Cheaper holidays with an unnamed investor


New company Star Holidays has serious outbound plans

Martynas Laivys, the former managing director of Tez Tour in Lithuania, says that a new travel agency, Star Holidays, aims to become one of the biggest travel companies in the country. It was established recently with the help of an unnamed investor and will offer package tours to foreign resorts from June. The company plans to provide travel to 20,000 people during its first year. According to Laivys, investments could reach LTL 10 million (EUR 2.9 million) during the first three years, though the final amount will depend on negotiations with charter carriers. Talks with three airlines, which include flyLAL Charters and Aurela, are being held. Vidas Paliunas, general director of Novaturas, Tez Tour’s biggest rival in the Baltic countries, says he does not believe the promises made by Star Holidays. He stresses that Aurela and flyLAL Charters aircraft are already fully booked for this summer.


Verslo Zinios, 2009-04-10

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