newstodate.aero
Oct 04, 2010 (newstodate): Another Lithuanian carrier has thrown the towel into the ring: Star1 Airlines adds another chapter to the story of past airlines.
The carrier had until evening, September 30, 2010, to convince authorities that it still had enough financial background to stay in the air. But it did not succeed.
The owner of the carrier, JSC Star Team Group is itself in trouble and was not able to continue providing funding to its wholly-owned carrier.
And as Star1 Airlines' only aircraft remains in arrreset at Dublin Airport, the group decided to initiate bankruptcy to JSC Star1 Airlines.
The carrier had until evening, September 30, 2010, to convince authorities that it still had enough financial background to stay in the air. But it did not succeed.
The owner of the carrier, JSC Star Team Group is itself in trouble and was not able to continue providing funding to its wholly-owned carrier.
And as Star1 Airlines' only aircraft remains in arrreset at Dublin Airport, the group decided to initiate bankruptcy to JSC Star1 Airlines.