Geography of Lithuania offers perhaps of oil deposits, and the southeast could provide high yields of iron ore and granite. According to some geographers, the geographical midpoint of Europe is just north of Lithuania's capital, Vilnius. Geographic coordinates: Lithuania is situated on the eastern shore of the Baltic Sea. Lithuania's boundaries have changed several times since 1918, but they have been stable since 1945. Currently, Lithuania covers an area of about 65,200 square kilometres. About the size of West Virginia, it is larger than Belgium, Denmark, Latvia, the Netherlands, or Switzerland. Lithuania is situated on the eastern shore of the Baltic Sea and
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