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Polityka Online - Poland | Friday, July 27, 2012

Polish airline folds after four months

In a surprise move on Thursday night, the Polish regional airline OTL, which had been running for just four months, shut down its operations after the investor Amber Gold, which has come under fire because of its speculative investments, announced that it would not take on the company's debts. This abrupt ending marks a turning point for the whole transport sector, claims the left-liberal news portal Polityka Online: "The sudden closure of all flight routes by this failed airline will come as a shock not only to the airline industry but to the entire transport sector. [The airlines] LOT, Eurolot and [the rail company] PKP Intercity can now breathe a sigh of relief because OLT represented a huge threat to regional connections. Some travellers will go back to using trains and busses again, wistfully remembering the days of fast, cheap air travel. Others will perhaps feel let down by the airlines and it may be a while before they consider buying another flight ticket."

» To the complete press review of Friday, July 27, 2012

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