OLT Express

OLT Express Poland (ICOA: YAP) was a Polish charter airline, formally known as Yes Airways.

[3] Its sister airline, OLT Express Regional (ICOA: JEA), filed for bankruptcy on 27 July 2012 after its licence was suspended by the Polish Aviation Authority.

[6] It flew from regional airports in Poland on behalf of tour operators and was the first Polish airline to have Airbus aircraft in its fleet.

Jet Air started scheduled domestic operation for LOT Polish Airlines in winter 2005/06 with three BAe Jetstream 32, flying on routes with less demand (like Zielona Góra, Bydgoszcz, and Rzeszów).

Jet Air-branded flights began in late 2007 and since then the airline rapidly expanded the number of destinations it flew to.

Whilst both carriers technically retain their own operating certificates, they, along with OLT Express Germany, use a common marketing strategy, reservations system and sales structure.

The CEO of OLT admitted the airline was running at a substantial loss, approximately 600,000 euros per month.

The PAA set a deadline of the end of July 2012 for the reports to be submitted, or their licence to fly might be suspended or revoked.

[18] Some domestic services using Airbus aircraft were also cancelled, casting major doubts over the airline's future.

The website featured a banner which translates as "Ladies and Gentlemen, please be advised that from 27 July, all regular flights are suspended until further notice.

[22][23] After failing to find a buyer and with credit card companies demanding far bigger deposits, the airline had insufficient cash-flow to continue.

[27] The FSA have also issued a public alert to make that clear to potential customers, many of whom have had to wait months to recover money in the past.

[28] Amber Gold has since claimed it is a business that trades in precious metals and simply enters into storage contracts with its customers.

Amber Gold announced their intention to exit the airline industry entirely after both OLT Express Regional and Poland cancelled all operations.

The day OLT Express ceased operations, its fleet consisted of the following aircraft (as of 26 July 2012[update]):[50][51][52]

OLT Express Airbus A320 at Warsaw Chopin Airport
An OLT Express ATR 42
OLT Express bus line from Gdańsk Lech Wałęsa Airport to the city center