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OLT Express to take over Contact Air operations

6-Jul-2012 1:41 PM

OLT Express Germany announced (05-Jul-2012) the carrier signed a contract to take over the operations of Stuttgart-based Contact Air Service GmbH. The aircraft of both companies will continue to be operated under the brand name 'OLT Express'. Antitrust procedures related to the acquisition will likely be completed in early Sep-2012. Terms of the transaction were not disclosed. Contact Air has a fleet of eight Fokker 100s, and around 500 employees, which will be taken over by OLT Express Germany. Of these, around 200 are based in Bremen, 200 in Stuttgart and 100 in Saarbruecken. [more - original PR - German]