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Old 16th October 2008 | 22:38
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fdgolf
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Joined: Apr 2000
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From: Valencia, Spain
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According to Spain's newspaper El Mundo they have shut down.

Link in spanish

LTE se convierte en la segunda aerolínea española que suspende operaciones en un mes | elmundo.es

The title says:

LTE becomes the second airline to halt operations in one month.


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