Company Watch - LTU German Airlines.Jan 22, 2007 LTU LTU Luleå Tekniska Universitet (Luleå University of Technology; formerly Luleå Tekniska Högskola) LTU Lithuania LTU La Trobe University (Australia) LTU Lufttransport-Unternehmen GmbH German Airlines MD Juergen Marbach announced yesterday that after talks between LTU, investors and Spanish authorities, LTU will not establish a new company to take over some South American routes American Routes is a public radio program hosted by Nick Spitzer that explores connections between the many musical styles that have blossomed in the United States. It began in the late 1990s, and normally originates from studios in the French Quarter of New Orleans, from collapsed Air Madrid Air Madrid Líneas Aéreas S.A. was a private airline based in Madrid in Spain operating services to Spain, Tenerife, Mexico, South America, Central America, Europe and Israel. . Marbach said there was not enough time to put together a plan "on a solid economic basis" and that LTU's offer to absorb the routes was void. Jan 18, 2007 LTU German Airlines MD Juergen Marbach confirmed said that the carrier intends to launch a Spanish subsidiary. "We are having intensive talks with Spanish co-investors as well as Spanish authorities to establish a new company, which should be in position to take over some Air Madrid routes to South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. as soon as possible," he said. He also reiterated that LTU has no plan to take over Air Madrid. Jan 11, 2007 LTU German Airlines wants to take over certain Latin American routes belonging to Air Madrid, which shut down operations Dec. 15, but an LTU spokesperson said that the airline does not plan to take over the bankrupt Spanish carrier despite rumors For other uses, see Rumor (disambiguation). Rumors is a farcical play by Neil Simon. At its start, several affluent couples gather in the posh suburban residence of a couple for a dinner party celebrating their tenth anniversary. to the contrary. Spanish transport authorities reportedly said that LTU also plans to absorb 568 Air Madrid employees, some 52% of the total, as part of its plan to create a subsidiary named LTU Espana within six months. LTU said that is not the case, but it did confirm its interest in AM's transatlantic network. It appears interested in routes to Argentina, Chile, Ecuador, Peru, Costa Rica Costa Rica (kŏs`tə rē`kə), officially Republic of Costa Rica, republic (2005 est. pop. 4,016,000), 19,575 sq mi (50,700 sq km), Central America. and Panama but not Brazil or Colombia. The German carrier currently operates 11 A320-200s, four A321-200s, eight A330-200s and three A330-300s. It transported around 5.6 million passengers in 2005. Jan 10, 2007 01/22/2007 Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Jan 8, 2007 |
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