OLT Express Germany ceased operations Jan. 27 after owner Panta Holdings B.V would not agree to support a restructuring program. OLT Express Germany said management and its 450 employees had agreed to a 25% cut in salaries to continue operations; it also had agreements in place with creditors. In December 2012, the carrier announced plans to temporarily suspend 12 routes from German regional airports from early January. It attributed the route changes to high fuel prices and ...

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