German carrier OLT Express is to realign its business model and introduce new low-cost, non-stop connections from three German regional airports from next month as it expands its point-to-point offering in Germany and wider European market.
The airline, formerly owned by financial services company Amber Gold like its ill-fated sister carrier OLT Express Poland, was acquired last month by Dutch financial investment firm Panta Holdings, parent of ACMI provider Denim Air and previously owner of Belgian regional carrier VLM Airlines prior to its sale to Air France-KLM.
While OLT Express Poland has entered bankruptcy, the Bremen-based operator has been able to maintain its niche services and press ahead with a previously announced purchase of fellow German operator Contact Air.
This deal was concluded on September 1st, 2012 and expanded schedules for the Northern Winter 2012/2013 schedule have now been unveiled focused on network growth at Dresden, Münster / Osnabrück and Saarbrücken.
“We made the airport at Münster / Osnabrück a focus for our new activities in Germany, because the region is currently under-served by scheduled air links.
“We are sure that as we establish ourselves here our high quality of our product and our low prices will enable us to be economically successful,” said Prof Dr Joachim Klein.