Airline LTE in talks with buyer as Norwich flights cancelled
[November 7th 2008]
Troubled Spanish airline LTE which suspended all its flights last month before resuming charter flights two weeks later is now in talks with a buyer and has cancelled all flights from Norwich airport until the end of March.
At the end of last month LTE said it hoped to re-launch scheduled flights from Norwich in December. But the resumption of the flights from Norwich to Palma, Alicante and Barcelona now appears to be dependent on LTE finding a buyer.
“An offer is currently on the table from a major European group to buy LTE and if this goes through, LTE will become a much stronger company," says managing director of the Palma based company, Michael Harrington.
“The group concerned is currently going through ‘due diligence’ with a view to completing the sale as soon as possible. However, meantime, the Spanish CAA have insisted that we cancel all scheduled services for the winter season," Harrington explains.
“We are continuing to operate charter services and aircraft leasing activities and have not gone into administration. However, the Spanish CAA do not want us to be selling scheduled flights until the proposed buyout is confirmed and a formal contract has been signed," continues Harrington.
The airline is optimistic that provided the deal goes through it will be able to offer flights from Norwich again. “As soon as this has happened, we hope to be up and running again and in a much stronger position. We will then come back to Norwich to re-launch our services and still hope that the position will be resolved before Christmas,” Harrington says.
Norwich airport says that passengers affected by the flight cancellations should return to where they made their booking to enquire about refunds and alternative arrangements. The airport's in-house travel agency Travel Norwich Airport says its customers will be able to get refunds for their cancelled flights. Customers who booked direct with LTE are advised to contact the airline.
Written by: Nick Purdom
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