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!

@aussie

today in Skyliner:
1. Airbus A319 -111 2460 SP-IBC OLT Express Poland ferried 31jul12 WAW-SEN on return to lessor (+ 3865 SP-IBA WAW-PAD) ex G-EZIG

2. Airbus A320 -214 533 SP-IAA OLT Express Poland ferried 31jul12 POZ-DUB on return to lessor (+566 SP-IAB WAW-DUB, + 973 SP-IAC AMS-DUB) ex EI-DDL

3. Airbus A320 -214 1454 SP-IAE OLT Express Poland ferried 31jul12 WAW-OSR on return to lessor (+ 2712 SP-IAF) ex EI-EPX

4. Airbus A320 -214 2142 SP-IAD OLT Express Poland ferried 31jul12 AMS-MLA on return to Air Malta ex 9H-AEF

5. Airbus A320 -214 2619 SP-IAH OLT Express Poland ferried 31jul12 WAW-PAD on return to lessor ex D-ABDB

6. Airbus A320 -214 2668 SP-IAG OLT Express Poland ferried 31jul12 WRO-VIE on return to lessor ( + 5115 SP-IAI KTW-VIE) ex OE-LEO

In total 11 aircrafts. Surprised ?:=
Not me - see above. This scenario waits to happen.

...really RUMOURS. Maybe you should put down your pinkpanther glasses.
Welcome to the real world world in aviation. The bubble has burst. Not really surprising for me.

LOT and EuroLOT must be breathing a sigh of relief... They don't need to do a market study now; just to go over OLT Express' load factors route by route and add the best-performing ones to their own (expanding) network!

Cheers :cool:

Is it correct that Emirates will operate from WAW?
If that is correct I am affraid LOT could be next to go bust (this time completely:rolleyes:)

Of course, LOT is in need of a cash injection - or takeover (best would be by Lufthansa)...

That said, why would LOT go bust just because EK added DXB-WAW to their network? The only long-haul LOT route that could be impacted would be WAW-PEK, where some PAX may decide to fly to Beijing via Dubai (although the trip is much longer). Can't see US or Canada-bound passengers prefering to go there via Dubai than direct from WAW... The rest of LOT's network is short-haul within Europe - not really something where EK can compete.

Cheers :cool:

So OLT have completely closed shop.

Can't say it is surprising given all the reports/articles/analysis that have been floating around for the past month or so..

LOT for sure can breath easier and raise prices on certain routes to where they are at least breaking even, rather then losing money to compete with ridiculously low OLT prices.

OLT Express Airbus operation is still running. CAA Audit passed couple days ago, AOC still active. No bankrupcy delacred yet and employees have not been fired. Yeah there is no aircraft at the moment, but watch for a rebirth with a rebrand.

Cheers.