KLAIPEDA - Lithuania‘s long-term pompous bid to claim Vilnius Airport as the name of a widely recognized air hub, with buzzing international hubbub, has ended in shatters. Due to ever-increasing and unreasonable operational costs and shady management, Lithuanian airlines, “FlyLAL-Lithuanian Airlines,” more than 100 million litas (28.9 million euros) in debt, sank into insolvency and filed for bankruptcy at the start of 2009.After the state’s refusal to resuscitate the national airline and futilely exhausted attempts to find a foreign rescuer, the pink-labeled...
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