FlyLAL Lithuanian Airlines ceased operations Saturday after its acquisition by SCH Swiss Capital Holdings fell through. The Swiss investment fund agreed to purchase the troubled carrier this month for $1 million plus an agreement to cover debt of an additional €1 million ($1.3 million) (ATWOnline, Jan. 12), but flyLAL said that SCH "did not fulfill its obligations under the agreement" and that it "cannot secure the continuity of its operations and satisfy the demands of its creditors." ...

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