Spanish airline LTE suspends all flights

October 17, 2008 Spanish budget air carrier LTE International Airways has suspended all of their flights due to financial trouble. Around 800 passengers have been stranded by the move and are being accommodated in hotels while alternative transport is arranged.

The airline was founded in 1987 and has been known as both LTU and Volar Airlines in the past. The company's fleet of seven Airbus A320 aircraft were used for scheduled and chartered passenger services, and available for lease to other businesses.

"LTE is doing everything to minimize the impact of this suspension of services on its clients and providers. After 20 years operating with maximum dedication to our clients it just was not possible to avoid this situation given world events lately," read a statement on LTE's website. The airline flew from Spain to destinations such as Italy, Saudi Arabia and the United Kingdom.

The news comes just one day after Spanish airline FlySur, Andalusia's first airline, filed for bankruptcy after just forty-five days. The airline's one plane had at times flown with just one passenger.