OLT Express was a Polish airline that operated from 2011 to 2012. It was a subsidiary of Amber Gold, a financial group based in Poland. OLT Express aimed to establish itself as a low-cost carrier in the European market.
OLT Express commenced operations in January 2012, with a fleet of aircraft including Boeing 737-400 and ATR 42-500. The airline operated both domestic and international flights from its hub at Warsaw Chopin Airport.
However, OLT Express faced significant financial difficulties soon after its launch. The parent company, Amber Gold, was involved in a financial scandal, which affected OLT Express's operations. The airline struggled with mounting debts, operational issues, and a decline in passenger numbers.
In July 2012, OLT Express filed for bankruptcy and ceased all flight operations. The abrupt shutdown left many passengers stranded, and the airline's employees lost their jobs. The collapse of OLT Express was a notable event in the Polish aviation industry and highlighted the challenges faced by low-cost carriers in a competitive market.
Since the knowledge cutoff of this AI model is in September 2021, I don't have information on any potential developments or re-establishment of OLT Express beyond that point. It's advisable to refer to up-to-date sources for the most recent information.
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