History
The airline was established on 29 April 1987, the founding shareholders being Spanish businessmen and the privately owned airline LTU from Germany. It started operations on 1 November 1987.
From 1993 until May 2001, LTU was the sole owner having bought out the other original shareholders. On 24 May 2001, LTU sold the airline to a group of Spanish and Italian businessmen, including the Volare Group. As a result LTE was rebranded Volar Airlines.
In 2005 the airline was renamed back to LTE International Airways. The airline was wholly owned by Gasarer.
From July 2008, Lte operated flights between Norwich (UK) and Barcelona, Alicante and Palma de Mallorca, and from Winter 08/09 it hoped to fly from Norwich to Tenerife, Las Palmas and Málaga.
On 16 October 2008, Lte abruptly announced that it was suspending all flights -both regular and charter- due to the financial situation of the company, which made it difficult to meet the next few days' operational expenses. Only the three aircraft operating for other airlines will be kept pending further decisions. It has subsequently announced a resumption of charter operations from 27 October 2008
On 27 October 2008, Lte announced on their web site they had resumed their charter activities and expected to re-open the on-line bookings, with no other details. It had continued limited ACMI operations on behalf of other carriers until 15 November 2008 when it finally suspended all operations.
Read more about this topic: LTE International Airways
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