Tag Archives: DAOLG

OLT Express Germany is sold by Amber Gold to Panta Holdings

OLT Express (Germany) (Bremen) has been sold by Amber Gold to Dutch financial investor Panta Holdings BV.

Under the leadership of Panta Holdings, OLT Express (Germany) will continue its expansion plans by integrating Contact Air (Stuttgart) in early September.

Panta Holdings has been active in the aviation industry with Dutch company Denim Airways and leasing company Mass lease. In addition, Panta is involved in the Canadian supplier Avcorp Industries. Panta Holdings also owned VLM Airlines in the past before it was sold to the Air France-KLM Group.

After Amber Gold announced it was getting out of the aviation industry after the recent failure of OLT Express (Poland) there was a period of uncertainty for the employees of the OLT Express (Germany) and Contact Air. Now they have a more secure future.

Copyright Photo: Andi Hiltl. The Fokker 100 will now be the main aircraft for the new OLT Express. Fokker F.28 Mk. 0100 D-AOLG approaches for landing in the bright 2011 livery at Zurich. Unfortunately this color scheme is now also associated with the failure of OLT Express (Poland) which made headlines when it stranded passengers. A new branding effort by the new owners could become a new reality.

OLT Express (Germany): 

Contact Air: 

 

OLT Express Germany takes over Contact Air

OLT Express Germany (Bremen) took  over the operations of Contact Air Service GmbH & Co. KG (Stuttgart) on July 4. Both companies will continue to operate under the OLT Express brand. Anti-trust clearance of the acquisition is expected to be completed in early September 2012.

With the acquisition, OLT Express Germany now employs about 500 additional employees. Of these, there are approximately 200 employees in Bremen, about 200 in Stuttgart and about 100 in Saarbruecken.

Top Copyright Photo: Andi Hiltl.

OLT Express (Germany): 

Contact Air: 

Bottom Copyright Photo: Rolf Wallner.