Air Transport World

LTU.(Europe)(Brief Article)

The airline says it finally is on the path to financial recovery after being rescued from demise last year by an EU-sanctioned 100 million [euro] bailout in the form of bank credits guaranteed by the state of North Rhine-Westphalia that have to be repaid between 2005 and 2008. Losses in 2003 totaled around 30 million [euro] even though LTU raised its load factor nearly 2.5% while reducing available capacity by more than 4%. …

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