AIRLINE NEWS
Saturday, October 18, 2008
Spanish airline LTE suspends services
The Spanish low-cost airline LTE said Friday that it was suspending services because it could not cover the cost of operating.
A statement on its Web site Friday said the 20-year-old company with bases in Palma de Mallorca, the Canary Islands and Milan, Italy was "doing everything to minimize the impact of this suspension of services on its clients and providers."
It added that "it just was not possible to avoid this situation given world events lately."
The company which runs flights from Spain to England, Italy and Saudi Arabia, has 300 employees and a fleet of seven Airbus 320s.
nytimes.com
A statement on its Web site Friday said the 20-year-old company with bases in Palma de Mallorca, the Canary Islands and Milan, Italy was "doing everything to minimize the impact of this suspension of services on its clients and providers."
It added that "it just was not possible to avoid this situation given world events lately."
The company which runs flights from Spain to England, Italy and Saudi Arabia, has 300 employees and a fleet of seven Airbus 320s.
nytimes.com
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