History
LTE 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
Read more about this topic: Volar Airlines
Famous quotes containing the word history:
“The history of men’s opposition to women’s emancipation is more interesting perhaps than the story of that emancipation itself.”
—Virginia Woolf (1882–1941)
“It’s a very delicate surgical operation—to cut out the heart without killing the patient. The history of our country, however, is a very tough old patient, and we’ll do the best we can.”
—Dudley Nichols, U.S. screenwriter. Jean Renoir. Sorel (Philip Merivale)
“History ... is, indeed, little more than the register of the crimes, follies, and misfortunes of mankind.
But what experience and history teach is this—that peoples and governments have never learned anything from history, or acted on principles deduced from it.”
—Georg Wilhelm Friedrich Hegel (1770–1831)