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Air Lithuania -: Arijus (2004)

In May 2004, Air Lithuania was bought by Arijus, a Lithuanian transport and logistics company, and subsequently sold to World Aviation Capital, a British company. At the time of the sale the company had debts of approximately 20 million litas, while its annual gross income reached 40 million in 2004. The airline filed for bankruptcy in November 2005. It was the first airline bankruptcy in Lithuania. ARIJUS is one of the largest cargo carriers and forwarding companies in Lithuania. It is in the market since 1992.

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