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Coordinates: 53°23′20″N 7°13′43″E / 53.38893°N 7.22852°E / 53.38893; 7.22852
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OLT is one of very few airlines that has succeeded in driving a low-cost rival off a route. In December 2005, [[easyJet]] started daily flights between [[Bristol]] and its base in [[Hamburg]]. OLT was operating twice-daily weekday-only services. The route being a predominantly business route, frequency won out over price and easyJet cancelled the route at the end of October 2006.<ref name="anna.aero">{{cite news| url=http://www.anna.aero/2008/09/19/olt-celebrates-reaching-50/| title=OLT celebrates reaching 50 by acquiring its first jets for Airbus ’shuttle’ flights| date=19 September 2008| publisher=anna.aero}}</ref>
OLT is one of very few airlines that has succeeded in driving a low-cost rival off a route. In December 2005, [[easyJet]] started daily flights between [[Bristol]] and its base in [[Hamburg]]. OLT was operating twice-daily weekday-only services. The route being a predominantly business route, frequency won out over price and easyJet cancelled the route at the end of October 2006.<ref name="anna.aero">{{cite news| url=http://www.anna.aero/2008/09/19/olt-celebrates-reaching-50/| title=OLT celebrates reaching 50 by acquiring its first jets for Airbus ’shuttle’ flights| date=19 September 2008| publisher=anna.aero}}</ref>


===Restructuring to OLT Express Germany===
=== OLT Express Germany===
OLT announced on 4 August 2011 to undergo a major restructure after losing its shuttle flights contract with [[Airbus Industries]]. Effective October 2011 all Fokker and Saab aircraft operations would stop and 100 of its 120 employees are under notice to leave. Therefore, only the ´islands hopping´ services from [[Emden]] to [[Heligoland]] and [[Borkum]] with small aircraft would have remained.<ref>{{cite web|url=http://www.airliners.de/management/strategie/olt-schrumpft-zurueck-zum-inselhuepfer/24848 |title=OLT schrumpft zurück zum Inselhüpfer |publisher=Airliners.de |date=26 July 2012 |accessdate=6 November 2012}}</ref>
OLT announced on 4 August 2011 it would undergo major restructuring after losing its shuttle flights contract with [[Airbus Industries]]. Effective October 2011 all Fokker and Saab aircraft operations would stop and 100 of its 120 employees were to leave the company. Only the ´island-hopping´ services from [[Emden]] to [[Heligoland]] and [[Borkum]] with small aircraft were to remain.<ref>{{cite web|url=http://www.airliners.de/management/strategie/olt-schrumpft-zurueck-zum-inselhuepfer/24848 |title=OLT schrumpft zurück zum Inselhüpfer |publisher=Airliners.de |date=26 July 2012 |accessdate=6 November 2012}}</ref>


In August 2011, OLT was bought by Polish building society Amber Gold, which also bought Polish regional carrier Jet Air and the Polish charter airline [[Yes Airways]]. These two Polish companies were combined under the brand [[OLT Express]] while OLT became '''OLT Express Germany'''. The island flights have been given to the new independent company [[OFD Ostfriesischer-Flug-Dienst]].
In August 2011, OLT was bought by Polish building society Amber Gold, which also bought Polish regional carrier Jet Air and the Polish charter airline [[Yes Airways]]. These two Polish companies were combined under the brand [[OLT Express]] while OLT became '''OLT Express Germany'''. The island flights were taken over by a new independent company, [[OFD Ostfriesischer-Flug-Dienst]].


OLT Express Germany purchased Contact Air in July 2012, with clearance for the deal took place in September 2012. It also incorporated their wet-lease contract and from then on operated two aircraft on behalf of [[Swiss International Air Lines]].
OLT Express Germany completed the purchase of Contact Air in September 2012. The purchase included Contact Air's wet-lease contract to operate two aircraft on behalf of [[Swiss International Air Lines]].


The same week as the Contact Air purchase Amber Gold was reported to be experiencing financial difficulty and funding for the deal was in question.<ref>{{cite web|url=http://serwisy.gazetaprawna.pl/transport/artykuly/635356,olt_express_podnosi_ceny_biletow_i_kasuje_trasy_ucieka_przed_bankructwem.html |title=OLT Express podnosi ceny biletów i kasuje trasy. Ucieka przed bankructwem? - Transport - Gazeta Prawna - partner pracodawcy, narzędzie specjalisty |publisher=Serwisy.gazetaprawna.pl |date=25 July 2012 |accessdate=5 November 2012}}</ref><ref>{{cite web|url=http://biznes.onet.pl/olt-express-podnosi-ceny-i-idzie-na-sprzedaz,51502,5199344,news-detal|title=OLT Express raises prices and goes on sale|publisher=Biznes.onet.pl|accessdate=6 November 2012}}</ref><ref>{{cite web|last=Hofmann |first=Kurt |url=http://atwonline.com/airline-finance-data/news/olt-express-germany-finalizes-acquisition-contact-air-0719 |title=OLT Express Germany finalizes acquisition of Contact Air |publisher=ATWOnline |date=19 July 2012 |accessdate=5 November 2012}}</ref> On July 27, the Polish OLT Express suspended all services without notice.<ref>{{cite web|url=http://wyborcza.pl/1,75248,12199932,OLT_Express_od_piatku_zawiesza_wszystkie_swoje_rejsy.html |title=OLT Express zawiesił do odwołania wszystkie swoje rejsy |publisher=Wyborcza.pl |date= |accessdate=5 November 2012}}</ref>
The same week as the Contact Air purchase Amber Gold was reported to be experiencing financial difficulty and funding for the deal was in question.<ref>{{cite web|url=http://serwisy.gazetaprawna.pl/transport/artykuly/635356,olt_express_podnosi_ceny_biletow_i_kasuje_trasy_ucieka_przed_bankructwem.html |title=OLT Express podnosi ceny biletów i kasuje trasy. Ucieka przed bankructwem? - Transport - Gazeta Prawna - partner pracodawcy, narzędzie specjalisty |publisher=Serwisy.gazetaprawna.pl |date=25 July 2012 |accessdate=5 November 2012}}</ref><ref>{{cite web|url=http://biznes.onet.pl/olt-express-podnosi-ceny-i-idzie-na-sprzedaz,51502,5199344,news-detal|title=OLT Express raises prices and goes on sale|publisher=Biznes.onet.pl|accessdate=6 November 2012}}</ref><ref>{{cite web|last=Hofmann |first=Kurt |url=http://atwonline.com/airline-finance-data/news/olt-express-germany-finalizes-acquisition-contact-air-0719 |title=OLT Express Germany finalizes acquisition of Contact Air |publisher=ATWOnline |date=19 July 2012 |accessdate=5 November 2012}}</ref> On July 27, the Polish OLT Express suspended all services without notice.<ref>{{cite web|url=http://wyborcza.pl/1,75248,12199932,OLT_Express_od_piatku_zawiesza_wszystkie_swoje_rejsy.html |title=OLT Express zawiesił do odwołania wszystkie swoje rejsy |publisher=Wyborcza.pl |date= |accessdate=5 November 2012}}</ref>

Revision as of 10:30, 28 December 2015

This article is about the German airline. For the Polish sister carrier, see OLT Express.

OLT Express Germany
IATA ICAO Call sign
S2 OLT OLTRA
Founded1958 (as Ostfriesische Lufttaxi)
Ceased operations30 January 2013
Hubs
Fleet size15
Destinations10
Parent companyPanta Holdings
HeadquartersBremen, Germany
Key peopleProf. Dr. Joachim Klein (CEO)
Websiteoltexpress.de

OLT Express Germany (formerly OLT Ostfriesische Lufttransport GmbH or OLT) was[1][2] an airline based in Bremen in Germany.[3] The company moved to Bremen from Emden in February 2012. It operated regional scheduled and charter flights linking northern Germany to other parts of the country and Bremen to other European destinations. Its main base was Bremen Airport.[4]

History

Founding and first years

OLT was founded on 1 November 1958 by Martin Dekker and Jan Janssen as Ostfriesische Lufttaxi - Dekker und Janssen OHG, initially operating air taxi flights to islands in the North Sea from Emden. The first aircraft was a KZ VII from Skandinavisk Aero Industri A/S in Copenhagen.[5] In 1961 the airline hired its first own staff: a pilot and a ´groundstewardess´.

OLT had 1968 five aircraft and operated 13,174 flights.[5] After Janssen's death the company AGIV (Aktiengesellschaft für Verkehrswesen) and the shipping company Reederei Visser & van Doornums became 1970 new shareholders and the airlines was renamed into Ostfriesische Lufttaxi GmbH. A schedule service from Emden to Bremen and Hamburg was introduced then.[5] Soon later AGIV became the single shareholder of OLT and positioned the new CEO Christian Ulrich Baron von Kaltenborn-Stachau.

39 Years of operation as OLT - Ostfriesische Lufttransport

A Saab 2000 of OLT - Ostfriesische Lufttransport

In 1972 the airlines was renamed again, now into Ostfriesische Lufttransport GmbH (OLT) and Kaltenborn-Stachau took over 26%. Several new schedule services were introduced like from Kassel, Düsseldorf to Cologne/Bonn in 1973 and Hanover, Saarbrücken, Stuttgart, Münster/Osnabrück and Frankfurt in 1974.[5] For the regional airlines business strategy the company DLT (Deutsche Lufttransport-Gesellschaft mbH) was created and OLT was renamed into DLT Luftverkehrsgesellschaft. But soon later AGIV decided to split the Emden (OLT) operation away from DLT. This unit (Emden operation) was sold then to AG EMS and OLT restart its old core activities under its own name.[5] To ensure a flexible operation, especially in the charter sector, OLT organised 1976 a joint platform called OFD with the participating airlines OLT, FLN and Dollart GmbH.[5]

At the beginning 1990s, with the fall of the Berlin Wall, the airlines faced an increase of their business activities. OLT started operations in the former East German provinces and 1990 took over Roland Air from Bremen.[6] In 1991 OLT set up a base in Bremen and started with its scheduled services there. In 1996 all OFD activities were integrated into OLT and therefore under the control of AG EMS.[5]

OLT is one of very few airlines that has succeeded in driving a low-cost rival off a route. In December 2005, easyJet started daily flights between Bristol and its base in Hamburg. OLT was operating twice-daily weekday-only services. The route being a predominantly business route, frequency won out over price and easyJet cancelled the route at the end of October 2006.[7]

OLT Express Germany

OLT announced on 4 August 2011 it would undergo major restructuring after losing its shuttle flights contract with Airbus Industries. Effective October 2011 all Fokker and Saab aircraft operations would stop and 100 of its 120 employees were to leave the company. Only the ´island-hopping´ services from Emden to Heligoland and Borkum with small aircraft were to remain.[8]

In August 2011, OLT was bought by Polish building society Amber Gold, which also bought Polish regional carrier Jet Air and the Polish charter airline Yes Airways. These two Polish companies were combined under the brand OLT Express while OLT became OLT Express Germany. The island flights were taken over by a new independent company, OFD Ostfriesischer-Flug-Dienst.

OLT Express Germany completed the purchase of Contact Air in September 2012. The purchase included Contact Air's wet-lease contract to operate two aircraft on behalf of Swiss International Air Lines.

The same week as the Contact Air purchase Amber Gold was reported to be experiencing financial difficulty and funding for the deal was in question.[9][10][11] On July 27, the Polish OLT Express suspended all services without notice.[12]

In August 2012 Dutch company Panta Holdings announced it was buying OLT Germany from Amber Gold and also finalised the purchase of Contact Air. Panta also owns Denim Air and Maas Air Leasing.[13] Both subsidiaries own Fokker aircraft and Maas leased out two Fokker 100 to Contact Air.

In December 2012 it was announced that the wet-lease contract with Swiss International Air Lines would not be renewed and was scheduled to conclude in March 2013.

OLT Express Germany ceased all operations on 27 January 2013 due to financial difficulties.[1][2] The company filed for bankruptcy two days later.[14]

Destinations

OLT operated the following services (as of January 2013). Note that all island flights had been transferred to the independent company OFD Ostfriesischer-Flug-Dienst back in 2011.

Operated as OLT Express Germany

Operated for Swiss International Air Lines

Fleet

A OLT Express Germany Fokker 100

As of  2013 the OLT Express Germany fleet consisted of 15 planes with an average age 18.9 years.[15]

Aircraft At bankruptcy Orders Passengers Note
Fokker 100 10 — 100
Saab 2000 4 — 56 D-AOLB sold to Darwin Airline to registered HB-IYI
Saab 340 1 — 37
Total 15 —

References

  1. ^ a b "Luftfahrt-Nachrichten und -Community". aero.de. Retrieved 17 May 2013.
  2. ^ a b Austrian Aviation Net. "Austrian Aviation Net: Grounding bei OLT Express". Austrianaviation.net. Retrieved 17 May 2013.
  3. ^ "Imprint." (Archive) OLT. Retrieved on 4 August 2011. "OLT Express Germany GmbH Henrich-Focke-Strasse 6 28199 Bremen"
  4. ^ "Directory: World Airlines". Flight International. 10 April 2007. p. 58.
  5. ^ a b c d e f g [1] Archived 2009-12-14 at the Wayback Machine
  6. ^ "OLT fliegt seit 40 Jahren nach Helgoland " Günstig, Urlaub, Reisen, Billig verreisen, Infos, Tipps und Ratgeber " Holidaystarter - News". Holidaystarter.com. 23 February 2007. Retrieved 6 November 2012.
  7. ^ "OLT celebrates reaching 50 by acquiring its first jets for Airbus 'shuttle' flights". anna.aero. 19 September 2008.
  8. ^ "OLT schrumpft zurück zum Inselhüpfer". Airliners.de. 26 July 2012. Retrieved 6 November 2012.
  9. ^ "OLT Express podnosi ceny biletów i kasuje trasy. Ucieka przed bankructwem? - Transport - Gazeta Prawna - partner pracodawcy, narzędzie specjalisty". Serwisy.gazetaprawna.pl. 25 July 2012. Retrieved 5 November 2012.
  10. ^ "OLT Express raises prices and goes on sale". Biznes.onet.pl. Retrieved 6 November 2012.
  11. ^ Hofmann, Kurt (19 July 2012). "OLT Express Germany finalizes acquisition of Contact Air". ATWOnline. Retrieved 5 November 2012.
  12. ^ "OLT Express zawiesił do odwołania wszystkie swoje rejsy". Wyborcza.pl. Retrieved 5 November 2012.
  13. ^ "OLT Express Owner Sees Low Labor Costs Key To Profit". Aviationweek.com. 9 August 2012. Retrieved 5 November 2012.
  14. ^ "Luftfahrt-Nachrichten und -Community". aero.de. 29 January 2013. Retrieved 17 May 2013.
  15. ^ "OLT Express Germany Fleet Details and History - Planespotters.net Just Aviation". Planespotters.net. 13 September 2012. Retrieved 5 November 2012.

Media related to OLT at Wikimedia Commons

53°23′20″N 7°13′43″E / 53.38893°N 7.22852°E / 53.38893; 7.22852

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