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Old 12-01-2009, 11:52   #1
CK
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Join Date: Sep 2004
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Southwest flyLAL solgt

http://www.atwonline.com/news/story.html?storyID=15219

Quote:
Swiss investor acquires troubled flyLALFlyLAL Lithuanian Airlines has been purchased by SCH Swiss Capital Holdings for $1 million plus an agreement to cover debt of some €1 million ($1.4 million).

"We were looking for an airline to purchase, and this is a good company to invest in. . .FlyLAL can be a very strong regional carrier," SCH CEO Jan Erik Jansson told the Associated Press, adding that the firm does not "see these debts as a big problem." The sale will take effect on Jan. 23, according to reports.
http://www.swisscapitalholdings.com/
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Last edited by CK; 12-01-2009 at 12:04.
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