The court decided not to restructure small planets airlines



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Vilniaus apygardos teismas trejadienadienisisakakalius airline restruktūrizavimo bylą UAB Small Planet Airlines

Simon Bartkus, director of the company's trade, confirms the information portal 15min.lt. The court order will be appealed, p. Bartkus could not say yet.

Small Planet Airlines (SPA) is restructuring its companies in Poland, Germany and Lithuania due to the financial difficulties. The company employs 87 workers in Lithuania, last week a spa was arrested at the Vilnius Airport.

The company has set a new investor on Monday to help control its financial situation. However, according to the head of the Civil Aviation Administration (CAA), the SPA does not provide enough evidence that an unnamed investor will be ready to invest in Mon.

The CAA Licensing Commission required the SPA to submit an updated business plan. It is also debated on Wednesday.


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