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View Full Version : OLT Express/ContactAir Germany possible merger


mizake the mizzen
16th May 2012, 12:56
OLT ExpressGermany (http://www.ch-aviation.ch/portal/airline.php?airline=OLT) (OL, Bremen Neuenland(BRE) (http://www.ch-aviation.ch/portal/airport.php?airportid=1426)) has signed a letter of intent with Contact Air (http://www.ch-aviation.ch/portal/airline.php?airline=KI) (C3, StuttgartEchterdingen (STR) (http://www.ch-aviation.ch/portal/airport.php?airportid=1479)) about the planned acquisition of Contact Air byOLT. Contact currently operates six Fokker 100 (http://www.ch-aviation.ch/portal/aircraftdata.php?aircraft=100)sfor Lufthansa (http://www.ch-aviation.ch/portal/airline.php?airline=LH) (LH, FrankfurtInternational (FRA) (http://www.ch-aviation.ch/portal/airport.php?airportid=1438)) and two Fokker 100s on behalf of Swiss (http://www.ch-aviation.ch/portal/airline.php?airline=LX) (LX, Zurich Kloten(ZRH) (http://www.ch-aviation.ch/portal/airport.php?airportid=1035)). Lufthansa has however cancelled its wet-lease agreement fromthe end of October 2012 putting Contact Air's future in jeopardy. OLT andContact Air combined would operate 10 Fokker 100s, four Saab 2000 (http://www.ch-aviation.ch/portal/aircraftdata.php?aircraft=S20)sand a single Saab 340 (http://www.ch-aviation.ch/portal/aircraftdata.php?aircraft=SF3).