"When your neighbours’ aviation businesses are struggling to survive, you would, probably, postpone the launch of a new carrier in your own country. But Lithuania has proved that it is ready to take a risk. Newly established commercial carrier Air Lituanica has started operations with flights between Vilnius and Brussels.
The new airline is the brainchild of Arturas Zuokas, mayor of Vilnius, and 83 per cent of the airline is owned by the city’s municipal government. The remainder of the shares are owned by a group of private investors.
Initially, Zuokas intended to attract a strategic investor to the project but failed to do so. Nevertheless, such plans still exist, and today’s main shareholders will probably continue their search."
'via Blog this'
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