Entered financial difficulties in 12.2008 with unpaid fees due to Vilnius Airport; announced purchase in 01.2009 by SCH Swiss Capital Holdings, Switzerland but project did not proceeed and airline ceased scheduled operations on 18.01.2009; limited services continued by offspring FlyLAL Charters (qv). Filed for bankrupcy on 23.01.2009, continuing with ACMI activities in 02.2009.
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