newstodate.aero
Feb 06, 2015 (newstodate): Eurolot, operating short-haul flights for LOT Polish Airlines as well on an own schedule, will stop all flights with last services on April 1, 2015.
The carrier contracted an international advisor on aviation business, but the conclusion of the study has shown that there is no viable business model for Eurolot to become profitable in today's business environment.
The carrier that took to the air in 1997 ends its life in a pile of debts and will file for bankruptcy.
In the fleet are 11 Bombardier Q400 aircraft on a leasing contract with the Danish company NAC, with orders for a further three that will reportedly be shifted by Bombardier to the Irish company Elix leasing company Aviation Capital.
The carrier contracted an international advisor on aviation business, but the conclusion of the study has shown that there is no viable business model for Eurolot to become profitable in today's business environment.
The carrier that took to the air in 1997 ends its life in a pile of debts and will file for bankruptcy.
In the fleet are 11 Bombardier Q400 aircraft on a leasing contract with the Danish company NAC, with orders for a further three that will reportedly be shifted by Bombardier to the Irish company Elix leasing company Aviation Capital.