Spanish budget airline fails
18.10.08
Spanish low-cost airline LTE International, which operates flights from Norwich Airport, became the latest victim of the global financial turmoil yesterday when it suspended all operations because of ‘world events’.
LTE is based in Palma, Majorca and operates flights between Spain and Britain, as well as Italy and the Middle East. The airline said in a statement: ‘Due to the financial situation of the company ... it (is) difficult to meet the operational expenses. After 20 years operating with maximum dedication to our clients it just was not possible to avoid this situation given world events.’
LTE, which operates weekly flights from Norwich to Barcelona, Alicante and Palma, is the fourth Spanish airline to stop flying in recent weeks, adding its name to a global list with more than two dozen names on it including Zoom, Silverjet and XL Airways.
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