Lithuania Lithuania Lithuania (; ), officially the Republic of Lithuania (), is a country in the Baltic region of Europe. Since its independence, Lithuania has been referred to as one of the Baltic states. It is situated along the southeastern shore of the Baltic Sea, to the east of Sweden and Denmark. It is bordered by Latvia to the north, Belarus to the east and south, Poland to the south, and Kaliningrad Oblast (a Russian exclave) to the southwest. Lithuania has an estimated population of 2.7 million people , and its capital and largest city is Vilnius. Other major cities are
Air Lithuania August 1997, the shares of Air Lithuania were transferred to the parent company Lithuanian Airlines. In May 2004, Air Lithuania was bought by Arijus, a Lithuanian transport and logistics company, and subsequently sold to World Aviation Capital, a British company. At the time of the sale the company had debts of approximately 20 million litas, while its annual gross income reached 40 million in 2004. The airline filed for bankruptcy in November 2005. It was the first airline bankruptcy in Lithuania. In 2004 the airline carried 54,500 passengers (24% increase over 2003). At first the airline used Tupolev Tu-134 and