German Aero Lloyd no longer fly
Spent: 16 October 2003 19.37 last modified: 16
October 2003 19.37 FRANKFURTS - Aero Lloyd, of the large charter
societies of Germany, have no longer flown since thursday morning.
The venture can no longer meet its obligations. travel
organisations such as were naarstig in search of replacing planes
stranded pick up passengers. The problems at the society became
Thursday immediately after Bayerische Landesbank, which has an
importance of 66 per cent in Aero Lloyd, had decided turn off the
money tap. For the staff came the decision as a complete
surprise. Aero Lloyd are present already longer in difficulties.
570 Man counting cabin staff has handed in the past ten years
approximately 25 per cent salary to keep the society intact. In
June came forward a new Executive Board, which briefly came afterwards
with a three-year cleansing plan. That plan can be no longer
implemented now the largest kredietverschaffer of the society no more
money wants pay. Bayerische Landesbank called the commonly
difficult situation in aviation plus the increasing competition as
reasons for its decision. (c) DUTCH PRESS AGENCY
Source "German Aero Lloyd no longer flies": nu.nl
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