Auditors have slammed Vilnius municipal heating company, Vilniaus Šilumos Tinklai (VŠT, Vilnius Heating Grid), for extending multi-million-euro loans to Air Lituanica, a municipal airline that went under last year. […]
Estonian Tallink’s majority owner Infortar examined ways to acquire the Lithuanian airline Air Lituanica, but the transaction did not go through, Aripaev Online reports. […]
Vilnius City Municipality has turned to the Prosecutor General‘s Office asking to investigate if the capital of airline Air Lituanica was formed legally. […]
A court has ordered a freeze on all of the assets of Air Lituanica, a defunct airline that is indirectly owned by the city of Vilnius. […]
Air Lituanica, an already defunct airline established by the city of Vilnius, will try to open bankruptcy proceedings in court. […]
Despite years of lasting loss-making, Estonia‘s airline Estonian Air and Latvia‘s AirBaltic keep on flying passengers to different destinations all over the world. Smart management and support from the Latvian government allowed the latter to cross into the black. Meanwhile in Lithuania, a second airline in less than a decade was recently brought down by insolvency. Why did this happen, and does Lithuania need a national airline at all? […]
Creditors of Air Lituanica, a defunct airline established by the city of Vilnius, will decide on the company’s bankruptcy at a meeting due on June 25. […]
Air Lituanica, an airline established by the city of Vilnius, plans to file for bankruptcy, it announced a week after grounding all flights. […]
On 26 May Air Lituanica, the airline owned by the city of Vilnius that went under last week, reached an agreement with AirBaltic to take over obligations to passengers who booked flights until 5 June. […]
Lithuania does not necessarily need a flagship airline, President Dalia Grybauskaitė has said in comments about the recent collapse of Air Lituanica, an airline founded by the city of Vilnius. […]
Vilnius Mayor Remigijus Šimašius says the Lithuanian capital in essence remains without roundtrip flights after airline Air Lituanica terminated its operations. A special flight promotion fund should be created in order to attract new air carriers to Vilnius. […]
Estonian national carrier Estonian Air will make 11 round trip flights per week on the Tallinn-Vilnius route starting on Monday instead of the current six round-trip flights per week after Air Lituanica announced of stopping operations. […]
Air Lituanica, Lithuanian airline owned by the municipality of Vilnius, has announced that it is stopping operations as of Saturday. […]
With discussions about the fate of loss-making airline Air Lituanica showing no signs of stopping, President Dalia Grybauskaitė has called on Vilnius authorities to dispose of non-core activities. […]
The Government will not invest in Air Lituanica, an airline owned by the Municipality of Vilnius, but Prime Minister Algirdas Butkevičius says a private investor has taken interest in the company. […]
Foreign investors are interested in contributing to the creation of a national air carrier in Lithuania, Prime Minister Algirdas Butkevičius said on Thursday, noting that the issue of a national airline would be dealt with after the mayoral election in Vilnius. […]
The Investors’ Forum has proposed that the Government of Lithuania invest in a national airline. […]
The airline Air Lituanica is expanding its business in Germany: as of 30 April the city of Hamburg will be added to the regular flight schedule with flights operated three times a week, the airline reports. […]
As two runways of Charles De Gaulle Airport have been closed due to anti-terrorist operation near Paris, airline Air Lituanica flights to Vilnius and Paris are falling behind schedule. […]
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