FlyLAL Lithuanian Airlines has been purchased by SCH Swiss Capital Holdings for $1 million plus an agreement to cover debt of some €1 million ($1.4 million). "We were looking for an airline to purchase, and this is a good company to invest in. . .FlyLAL can be a very strong regional carrier," SCH CEO Jan Erik Jansson told the Associated Press, adding that the firm does not "see these debts as a big problem." The sale will take effect on Jan. 23, according to reports. FlyLAL was ...

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