to start their own catering company and re-introduce free catering and drinks on flights at a later date. Amber Gold claims to have invested roughly 52 million euro in the airline to date. The airline's credit card service providers, BZ WBK and Volkswagen Bank have decided to terminate their relationship with the airline after they failed to provide guarantees the banks requested in July 2012. There was also a dispute with the Polish Aviation Authority as they have failed to submit financial reports for 2011. OLT Express claims they have submitted the reports but the PAA claim they have not. 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. On 26 July, 24 hours after announcing that ATR services would continue until 10 August, OLT announced all services using ATR aircraft would cease immediately. Some domestic services using Airbus aircraft were also cancelled, casting major doubts over the airline's future. The Managing Director had said OLT would pay for passengers to fly with other airlines, and then reneged on this promise. On 27 July, all flights were suspended without notice and ticket sales were stopped. 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. At the same time, the sale of airline tickets will be halted." The airline had been flying for less than four months at that point. The airline head, Jarosław Frankowski, claimed to be in advanced talks with another airline to sell the company entirely. After failing to find a buyer and with credit card companies demanding far bigger deposits, the airline had insufficient cash-flow to continue. On 27 July 2012, they filed for bankruptcy, less than four months after starting operations. Amber Gold financial questions The Chairman of Amber Gold, Marcin Plichta, is a former bankrupt and was also convicted of embezzling 174,000 PLN (approx. US$80,000) from ca. 400 customers of his previous business, Multikasa, in 2008. He was given a 10-month sentence, suspended for 2 years. After the conviction, he changed his name from Stefanski to Plichta. He was only 24 years of age at the time. His wife, Katarzyna Plichta is Chairperson of the Supervisory Board. Amber Gold is not approved by the Financial Supervision Authority to operate as