airLithuanica (Vilnius) is a newly-proposed airline in Lithuania to replace FlyLAL which ceased operations on January 16, 2009.
According to this report by ATO.ru, Vilnius Mayor Arturas Zuokas stated city officials will possibly participate in the creation of a new airline named airLituanica. The proposed makeup is 34% of the new airline to be owned by the city of Vilnius, 49% by a prospective strategic investor and 17% by other shareholders in Lithuania.
Update: On June 18, 2013 at the Paris Airshow, Embraer issued this statement about the new carrier:
AirLituanica of Vilnius, Lithuania, has acquired two Embraer E-Jets. The carrier will launch scheduled service on June 30 with one Embraer 170 leased from a third party. In July, Air Lituanica will add another E-Jet, an Embraer 175, leased from ECC Leasing Company, Ltd., a wholly-owned subsidiary of Embraer.
The E170 and E175 are configured with 76 and 86 seats in single class, respectively. AirLituanica will deploy the aircraft on its planned routes between Vilnius and Brussels, Amsterdam, Berlin, Prague, Munich and Moscow. The airline intends to add three to four more aircraft to increase frequencies with the objective of serving a dozen European routes from Vilnius in three years.
Read the report (in Russian): CLICK HERE