JSC Star Team Group being unable to continue providing funding to its wholly-owned JSC Star1 Airlines and taking into account that Star1 Airlines is unable to operate the only aircraft due to its detention in Dublin airport decided to initiate bankruptcy to JSC Star1 Airlines.
JSC Star Team Group, as the only shareholder of Star1 Airlines, assigned the director of the company to prepare and submit the application for initiation of bankruptcy and other relevant documents to Vilnius District Court no later than 5th October, 2010.
All creditors of Star1 Airlines will be informed about their claims' submission procedures and deadlines after the application for bankruptcy is submitted to the Court.
The next information update is expected on Tuesday 5th October, 2010.
Star1 Airlines kindly reminds that due to aircraft detention in Dublin all regular and charter flights are not being operated since 25th September, 2010. Passengers who have tickets to the cancelled flights are requested to send their claims directly to Star1 Airlines by email
[email protected]. Passengers who purchased their tickets in travel agencies are requested to submit written claims regarding refunds via travel agency where tickets were acquired.
Management of the company deeply regrets about inconveniences caused to its passengers and partners.
Star1 Airlines
http://www.star1.lt/en/
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