Lithuanian capital Vilnius mayor Arturas Zuokas announced that authorities plan to launch a new local carrier called airLituanica. Details have not been disclosed but a local news website, 15min.lt, quoted Zuokas as saying city authorities could acquire 34% ownership in the new airline. He said strategic investors may acquire 49%-51% and Lithuanian investors may receive a 17% share. Flights could start in 2013. Lithuania has not had a home-based scheduled carrier for three years. In ...

Subscribe to Access this Entire Article

"New Lithuanian carrier may launch next year" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.