OLT
 

whats happening at OLT Poland, pilots have not been paid for last month yet. Company giving lame excuses and saying they might get paid by Friday. Don't hold you breath.
Beginning of the end?
0 to 15 aircraft in one year and back to 0 again, might be a record.

Yeah yeah, aircraft are going back to the leasing company, pilots all jobless, no money, end of the airline... :D:D:ugh::cool::{

Their website is still working normally at the moment: OLT Express - Fly high with OLT Express. Domestic flights across Poland. The airline tickets available from 24,99 EUR.

Thats because everything is still functioning normally, some have just jumped the gun.... it is a rumour network after all... :)

Any more latest news/rumours? :E
Looking forward to hear more on OLT!:cool:

So it seems like the **** is about to hit the fan at OLT. As I mentioned elsewhere on pprune last week, a blog post at Insidetraveller - Amber Gold and its airlines - has a pretty thorough dishing of the owners, which should give some pause for thought.

All going well for now. Stories of the likes that you mention have been around since day 1 of OLT Expres... Nothing new :ok:

I'd like to think so, for the sake of preserving and increasing pilot job opportunities in the very slow European job market, but if there was zero truth and substance to any of these stories surely we would not be reading and hearing about it now and again.

These articles don't pop up for no good reason. There must be some sort of suspicions about the company and their survival since we are reading about it from various independent sources.

So you believe the argument that "there is no smoke without fire"? I would rather take the article you referred to with a pinch of salt. It was, after all, long on innuendo but very short on details. I for one, welcome the extra competition and wish OLT good luck.

As for Amber Gold's management having no previous experience of the airline business, there are countless similar examples - and not all of them end up in failure; I seem to recall a music industry executive with no previous aviation credentials setting up a long-haul airline in the UK back in 1984, with many question marks hanging on the future of his outfit... What was his name again? Oh yes - Richard Branson. Enough said.

Cheers :cool:

I don't think Branson was ever suspected of being a Bernie Madoff-style businessman.

Time will tell boys and girls... for the sake of jobs in the industry and the travelling public, lets hope OLT sticks it out. If it doesnt, the market is there and a new player will come in to take it... Supply vs Demand... Simple really :}

According to news reports OLT will axe 8 polish domestic routes as of 11AUG and return all ATRs to lessor. The last two was just delivered this month... :ooh:

News - ch-aviation.ch

Their website says they cancel all ATR flights as of today. They stopped serving catering as well. Polish CAA stated that the AOC of the company will be suspended if they do not submit an audited financial report by the end of July.

Things seem to speed up...
5 ATRs are already already being ferried back to lessor.

The end !!
 

It seems all flight operations and ticket sales are suspended so I think thats the end.

very sad for all staff

All scheduled flights suspended from tomorrow
 

Website seems to be down, info in Polish here: OLT Express zawiesza wszystkie loty | ekonomia24.pl

In short: all scheduled flights suspended until stated otherwise, ticket sales stopped. Apparently they have some potential investors but nothing will be known for at least six weeks...

Damn, they seemed to be revolutionary on the market, but seems something went really wrong...

No Surprise
 

Flying with 4 J32's and an 1 ATR42, one year ago... Investors money... buying 3 struggling airlines combine to one... fleet with many different types, not efficient.... Load factors total crap, ticket prices so low ....
No Surprise... people involved, yes sad....

Reports of OLT's death have been exaggerated.
 

There is a little more information emerging. OLT REGIONAL has sadly been declared bankrupt, ie the ATR's. The A320 arm - OLT EXPRESS is still operating, doing ACMI and charter flights. There is a very optimistic mood in the office that OLT EXPRESS can be quickly reconfigured to operate independently of parent company funding.

A little over optimistic, it seems that they packed up yesterday and the aircraft were all returned to the leasing company. I think this leaves OLT Germany as the only bit left.

Dear Beached,

With all due respect, and as much I hoped for OLT's success... you can not be serious :E

Fly safe!