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Olt Express Halts

In December 2012, after losing two international contracts, OLT Express Germany  announced major cuts to its network, staffing and fleet as part of a reorganisation. It ceased all operations on 27 January 2013 after talks with its Dutch owner Panta Holdings about a reorganisation plan failed. The company filed for bankruptcy on January 29. Panta Holdings also owns Denim Airways and the leasing company Mass Lease. OLT Express  was founded in 1958. It took over part of the insolvent Cirrus Airlines last year. Bremen, Germany  was its main base with flights to Dresden, Saarbrücken, Münster / Osnabrück and Karlsruhe / Baden-Baden – and a…

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