newstodate.aero
Jun 03, 2011 (newstodate): Plans for establishing a new Lithuanian carrier to fill the void after the demise of flyLAL in early 2009 are progressing.
As the latest sign of life from this project, the key driver behind the plans, airBaltic's president and CEO Bertolt Flick has reportedly met with management representative from Lithuania's fourth-largest bank, Bank Snoras, and the mayor of Vilnius, Lithuania's capital, to discuss details of the venture.
The plans were first vented at a press conference in Vilnius in September 2010, driven by Bertolt Flick, airBaltic CEO, president and majority-owner through the investment company Baltic Aviation System, and Kristian Kirchheiner, former SAS executive and airBaltic's second president and CEO.
At the recent North Hub Riga Conference, Mr Flick however confirmed to newstodate that the project is still being worked upon.
-We have had to acknowledge that the process is far more complex than initially anticipated, and it has required longer time to mature than expected, said Mr Flick.
According to Mr Flick, an announcement on the formation of the new carrier will be made by October 2011, and the start-up has now been revised to some time in 2012.
As the latest sign of life from this project, the key driver behind the plans, airBaltic's president and CEO Bertolt Flick has reportedly met with management representative from Lithuania's fourth-largest bank, Bank Snoras, and the mayor of Vilnius, Lithuania's capital, to discuss details of the venture.
The plans were first vented at a press conference in Vilnius in September 2010, driven by Bertolt Flick, airBaltic CEO, president and majority-owner through the investment company Baltic Aviation System, and Kristian Kirchheiner, former SAS executive and airBaltic's second president and CEO.
At the recent North Hub Riga Conference, Mr Flick however confirmed to newstodate that the project is still being worked upon.
-We have had to acknowledge that the process is far more complex than initially anticipated, and it has required longer time to mature than expected, said Mr Flick.
According to Mr Flick, an announcement on the formation of the new carrier will be made by October 2011, and the start-up has now been revised to some time in 2012.