Lithuania: Small Planet Airlines' troubles drag down Novaturas' shares

  • 2018-11-29
  • BNS/TBT Staff
Lithuanian tour operator Novaturas' shares are being dragged down by troubles at its key partner Small Planet Airlines.  Simonas Jurgionis, chief broker at the Capital Markets Division of SEB Bankas, says the news that Lietuvos Oro Uostai (Lithuanian Airports) asked the Civil Aviation Administration to ground the airline's planes over debts has unnerved investors, who fear that Novaturas might have difficulty rearranging all of its plans and travel routes if the leisure carrier gets into even deeper trouble.  "Novaturas has too ma...
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