Air Lituanica to file for bankruptcy in court
Air Lituanica, an already defunct airline established by the city of Vilnius, will try to open bankruptcy proceedings in court.
On Thursday, the company’s creditors voted against an out-of-court bankruptcy process, the airline said in a press release.
That proposal was rejected by one creditor – Vilniaus Šilumos Tinklai (Vilnius Heating Grids), a municipal company that holds 27.78 percent of creditor votes. The