newstodate.aero
Jan 22, 2009 (newstodate): The Lithuanian government has given the grounded carrier flyLAL a brief respite to account for alleged transfer of assets.
Sources say the carrier transferred positive assets away from the debt-ridden carrier to other companies in the group, leaving an empty shell for creditors.
The flyLAL Group must deliver a full report on these allegations not later than January 26, 2009.
Sources say the carrier transferred positive assets away from the debt-ridden carrier to other companies in the group, leaving an empty shell for creditors.
The flyLAL Group must deliver a full report on these allegations not later than January 26, 2009.