OLT Express Germany ceases operations

OLT Express Germany ceased operations Jan. 27 after owner Panta Holdings B.V would not agree to support a restructuring program. OLT Express Germany said management and its 450 employees had agreed to a 25% cut in salaries to continue operations; it also had agreements in place with creditors. In...

Subscription Required


This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login


Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.