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Lithuania aviation Part 1: An innovative charter carrier changes the scene after turbulent years

Analysis

There are few countries where an outright charter carrier is the de facto national flag carrier.

But that is the case in Lithuania where a succession of failed scheduled carriers contrasts with a relatively new airline that sells seats exclusively to tour operators, in several countries across continents, is expanding almost exponentially, has one of the lowest CASKs in Europe, isn't highly leveraged, and is profitable.

That is far from the only surprising thing about Lithuania though, a country that is privatising its airports without really privatising them and which, is only just beginning to wake up to its tourism potential.

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