Amber Gold ownership In February 2012, Jet Air, now called OLT Jetair, after being bought by the Amber Gold Group, restarted operations as OLT Express Regional. It began to utilise the larger jet aircraft of its new sister operator OLT Express Poland (previously known as Yes Airways, a Polish charter airline, whom Amber Gold bought 85% of shares) under the common brand OLT Express. 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. Despite this, OLT Express' operations are not integrated with those of OLT Express Germany and both airlines operate their own individual route networks. OLT Express Regional's inaugural flight from Warsaw Chopin Airport to Gdańsk Lech Wałęsa Airport took place on 1 April 2012. The airline's scheduled international and domestic flights were operated under the IATA/ICAO airline codes O2/JEA, using aircraft drawn from the fleets of both OLT Express Regional and OLT Express Poland, whilst charter flights were operated solely by OLT Express Poland, under the ICAO code YAP, using their Airbus A319 and A320 aircraft. Bankruptcy On 25 July 2012, OLT announced it was undergoing a dramatic re-organisation. Amber Gold was not in a position to provide the funding needed to continue normal operation. Under the re-organisation, all its ATR aircraft would be grounded. It says it intends to raise 8,000,000 PLN from their sale; however, other sources state some of the aircraft are leased from Swift Air. The load factor on these flights was 11% according to the airline; however, they claim an overall load factor of 75% in June 2012, including its Airbus aircraft. It will cancel 14 routes served by these aircraft and move some crews across to the new Airbus craft due in September. However, some will have to be laid off as they would need to be fully retrained to operate these new aircraft. The CEO of OLT admitted the airline was running at a substantial loss, approximately 600,000 euros per month. Ticket prices are due to rise from an average of 155 PLN to 180 PLN, and the number of the cheapest fare tickets on each flight will be reduced. Unlike other low-fares airlines, OLT had provided free drinks and snacks on its flights. They will stop this practice after the re-organisation and only provide free water, still unheard of for low-fares airlines. They intend