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. […]

Vilniaus oro uostas
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? […]

Dalia Grybauskaitė
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

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. […]

flyLAL went bankrupt in 2009
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. […]