Economy
Airlines
Economy
SAS adds more Palanga-Copenhagen flights
From 12 October, Scandinavian airlines SAS increases the frequency on Palanga – Copenhagen route by one third, the Palanga Airport authority said. […]
Economy
Economy
Economy
Air Lituanica to file for bankruptcy in court
Air Lituanica, an already defunct airline established by the city of Vilnius, will try to open bankruptcy proceedings in court. […]
Uncategorized
Why Lithuanian airlines fail while Latvian and Estonian prosper
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? […]
Economy
Creditors to decide on Air Lituanica’s bankruptcy in late June
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. […]
Economy
Air Lituanica to file for bankruptcy
Air Lituanica, an airline established by the city of Vilnius, plans to file for bankruptcy, it announced a week after grounding all flights. […]
Economy
AirBaltic to cover for bankrupt Air Lituanica for two weeks
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. […]
Economy
President says that Lithuania does not necessarily need flagship airline
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. […]
Economy
Vilnius to spend money to attract airlines
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. […]
Economy
Estonian Air takes over Air Lituanica’s Tallinn route
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. […]
Economy
Air Lituanica stops operations
Air Lituanica, Lithuanian airline owned by the municipality of Vilnius, has announced that it is stopping operations as of Saturday. […]
Economy
Economy
Wizz Air to offer three new routes from Vilnius this autumn
Hungary’s low-cost airline Wizz Air on Wednesday announced that it is going to open three new routes this autumn from Vilnius International Airport – to Munich, Glasgow and Kiev. […]
Uncategorized
Estonian Air accuses airBaltic of unfair competition
Estonia‘s airline Estonian Air is accusing the Latvian national airline airBaltic of unfair competition, according to the Estonian daily Postimees. […]
Economy
Economy
Private investor will have to save Air Lituanica, PM says
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. […]
Economy
Economy
Foreign investors interested in Lithuanian national airline, PM says
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. […]