I've spotted some rumours suggesting that the unfortunate OLT Express was created mostly as a tool to deliberately burn the investors money. This airline has been owned in its entirety by quasi-bank investment company that has apparently implemented a variation of the pyramid scheme. They collected large sums of money promising their investors high rates of return, unrealistically high. And from the very beginning they knew that the money would never return to their owners. But why they decided to own an airline? Having "earned" substantial sums of money for themselves, being unable to return the original value, they needed an easy way to squander the rest. Fast, effectively and without criminal charges. As the money loss results from a mistaken investment, can they bee held responsible under the law?
As we learn, they needed just four months to burn the money. Didn't even negotiate the airport fees, provided catering on 20-euro flights, flown jets with just one pax on board etc., it's easy. The money evaporated.
Can anybody from Poland shed some light on this subject?
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Last edited by eu01; 2nd Aug 2012 at 07:41.