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Skycop
Skycop is a claims management company founded in Vilnius in 2017 and operating in European markets. It focuses on air travel. Skycop's business model is based on free claim management and a fixed fee if a compensation for delayed, canceled or overbooked flight is successful. History Skycop was launched in early 2017 in Vilnius, Lithuania. In 2017, Skycop partnered with the Prienai basketball club competing in the Lithuanian Basketball League, and became its title sponsor in 2018. The season was noted for signing LiAngelo and LaMelo Ball, the younger brothers of then Los Angeles Lakers player Lonzo Ball, bringing international attention to the team. In 2019, Skycop launched a campaign in Barcelona subway stations and busses with slogans "You don't love customers" against Spain's Vueling airline. The campaign was based on Vueling's slogan "We love places". In 2022, Skycop was acquired by Tomas Vaišvila, the former CEO of Vilnius International Airport and a long-time employe ...
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BC Prienai
BC Prienai () was a Lithuanian professional basketball club based in Prienai. They played domestically in the Lithuanian Basketball League every year since winning the promotion in 2009. During the 2008–09 season, then called Rūdupis, they became the champion of the NKL and won the challenge match for a slot in the LKL. In their debut LKL season Rūdupis took seventh place, while next two seasons brought BC Prienai two bronze LKL medals. BC Prienai played in EuroCup 2011–12 with moderate success; the team won 3 games out of 6, but nonetheless failed to qualify for the next stage. More recently, the team has become a strong competitor in domestic tournaments, more than once upsetting teams such as Žalgiris Kaunas and Lietuvos rytas Vilnius. In December 2017, in a highly publicized move, Vytautas signed American basketball players and brothers LaMelo and LiAngelo Ball. In July 2023, the club declared bankruptcy and ceased all operations. History 1994–2010: Early ye ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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Lonzo Ball
Lonzo Anderson Ball (born October 27, 1997) is an American professional basketball player for the Chicago Bulls of the National Basketball Association (NBA). A point guard, he played college basketball for one season with the UCLA Bruins, earning consensus first-team All-American honors before the Los Angeles Lakers selected him with the second overall pick of the 2017 NBA draft. He was named to the NBA All-Rookie Second Team in 2018. As a high school senior at Chino Hills High School in 2016 Ball was awarded multiple national high school player of the year honors, and led his team, alongside his brothers LiAngelo and LaMelo, to an undefeated 35-0 record and the consensus national top ranking. As a college freshman in 2016–17, he led the nation in assists and broke the UCLA record for the most assists in a season. Ball also won the Wayman Tisdale Award as the top freshman in the nation. As an NBA rookie with the Lakers, his playing time was limited by shoulder and knee ...
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Flight Cancellation And Delay
A flight delay occurs when an airline flight takes off and/or lands later than its scheduled time. The United States Federal Aviation Administration (FAA) considers a flight to be delayed when it is 15 minutes later than its scheduled time. A flight cancellation occurs when the airline does not operate the flight at all for a certain reason. Regulation European Union In the European Union, Flight Compensation Regulation 261/2004 states that flight delays for over three hours, cancellations and denied boarding entitles passengers to a compensation from €250 up to €600 per passenger from the airline. United States In the United States, when flights are canceled or delayed, passengers may be entitled to compensation due to rules obeyed by every flight company, usually Rule 240, or Rule 218 in certain locations. This rule usually specifies that passengers may be entitled to certain reimbursements, including a free room if the next flight is the day after the canceled one, ...
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Claims Management
A claims management company is a business that offers claims management services to the public. Claims management services consist of advice or services in respect of claims for compensation, restitution, repayment or any other remedy for loss or damage, or in respect of some other obligation. Claims management services cover litigation, or claims under regulation schemes or voluntary arrangements. History The abolition of legal aid for personal injury claims, the introduction of conditional fee agreements and the appearance of and growth in claims management companies led to a rapid expansion of litigation from the mid-1990s. This led to public concern at the development of a "compensation culture". The collapse of claims management company the Accident Group in 2003 increased disquiet with the system. Such companies used aggressive sales techniques and exaggerated claims, profiting from exorbitant commissions on after the event insurance policies. It was estimated that there wer ...
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Air Passengers Rights Regulation
The Air Passengers Rights Regulation 2004 (Regulation (EC) No 261/2004) is a regulation (European Union), regulation in EU law establishing common rules on Damages, compensation and assistance to passengers in the event of denied boarding, flight cancellations, or long delays of flights. It requires compensation of €250 to €600 depending on the flight distance for delays over of at least three hours, cancellations, or being denied boarding from overbooking. Delays shorter than three hours means no entitlement to any compensation of any kind even if the delay was classified as non-extraordinary. Airlines must provide refreshments and accommodation where appropriate. The Court of Justice of the European Union has interpreted passenger rights strictly, so that there are virtually no exceptions for airlines to evade their obligations for breach of contract. It repealed Regulation (EEC) No 295/91, and went into effect on 17 February 2005. Applicability The regulation applies to an ...
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Avia Solutions Group
Avia Solutions Group is a Lithuanian-owned ACMI (aircraft, crew, maintenance, and insurance) provider and holding company. Established in 2010 in Vilnius, it moved its headquarters to Dublin, Ireland in 2023, and has additional offices around the world. As of January 2024, the company maintained a fleet of over 200 aircraft among the group's subsidiaries, with annual revenue of €2 billion. History The history of Avia Solutions Group began in 2005 when Lithuanian Airlines (LAL), the national airlines of Lithuania, was privatized. LAL investment management acquired 100% of the airline shares for 7.53 million Euro. The airline was re-branded as FlyLAL and several related companies were registered, including Baltic Ground Services (ground handling), FL Technics (aviation maintenance, repair, and operations), and Bilietų Pardavimo Centras (travel agency). In 2005, FL Technics was founded. The company opened its first hangar at Vilnius International Airport. In November 2006, Ba ...
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Vilnius International Airport
Vilnius Čiurlionis International Airport () is the airport of Vilnius, the capital of Lithuania. It is located south of the city center. It is the largest of the three commercial airports in Lithuania by passenger traffic, with one runway and 5 million passengers a year. Vilnius International Airport serves as a base for airBaltic, Ryanair, and Wizz Air. The airport is managed by Joint Stock Company Lithuanian Airports under the Ministry of Transport and Communications. It is the 96th busiest airport in Europe. In honor of Mikalojus Konstantinas Čiurlionis, the airport was renamed to Vilnius Čiurlionis International Airport () from 1 January 2025, to 31 December 2029. History Early years The airport began operations in Second Polish Republic on 17 August 1932 as Wilno–Porubanek, Porubanek was the name of the neighbouring village which today is part of the Kirtimai district of Vilnius. Before World War II, it operated the then-domestic route between Wilno (Vilnius) and W ...
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Vueling
Vueling S.A. (, ) is a List of airlines of Spain, Spanish low-cost airline based at Viladecans in Greater Barcelona with operating bases at Barcelona–El Prat Airport (main); Orly Airport, Paris-Orly Airport in Paris, France; Schiphol Airport, Amsterdam Schiphol Airport in Amsterdam, The Netherlands; and Leonardo da Vinci–Fiumicino Airport in Rome, Italy (secondary). It is the largest airline in Spain, measured by fleet size and number of destinations. As of 2021, Vueling serves 122 destinations in Africa, Asia, Europe, and the Middle East, and carried more than 34 million passengers in 2019. Since 2013, it has been an operating company of International Airlines Group, the parent company of British Airways, Iberia (airline), Iberia, and Aer Lingus. History Early years Vueling was established on 10 February 2004 and commenced operations on 1 July 2004 with a flight between Josep Tarradellas Barcelona–El Prat Airport, Barcelona and Ibiza Airport, Ibiza. The initial fleet con ...
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Los Angeles Lakers
The Los Angeles Lakers are an American professional basketball team based in Los Angeles. The Lakers compete in the National Basketball Association (NBA) as a member of the Pacific Division (NBA), Pacific Division of the Western Conference (NBA), Western Conference. The Lakers play their home games at Crypto.com Arena, an arena they share with the Los Angeles Sparks of the Women's National Basketball Association (WNBA) and the Los Angeles Kings of the National Hockey League (NHL). The Lakers are one of the most successful teams in the history of the NBA with 17 championships, the second most in the league behind the Boston Celtics. The franchise began in 1946 as the Detroit Gems of the National Basketball League (United States), National Basketball League (NBL). After one season, a new ownership relocated the team to Minneapolis, Minnesota, and renamed the team as the ''Minneapolis Lakers''. The Lakers won the 1948 NBL championship before joining the rival Basketball Association ...
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Chief Executive Officer
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in various organizations, including public and private corporations, Nonprofit organization, nonprofit organizations, and even some government organizations (notably state-owned enterprises). The governor and CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the profitability, market share, revenue, or another financial metric. In the nonprofit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of the main manager of the organization and the highest-ranking officer in the C-suite. Origins The term "chief executi ...
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LaMelo Ball
LaMelo LaFrance Ball ( ; born August 22, 2001) is an American professional basketball player for the Charlotte Hornets of the National Basketball Association (NBA). He was selected by the Hornets with the third overall pick of the 2020 NBA draft. Ball was voted the NBA Rookie of the Year in 2021 and named an NBA All-Star the following season in 2022. Ball began high school at Chino Hills High School in Chino Hills, California, where he won a state championship and achieved national success as a freshman with his older brothers Lonzo and LiAngelo. Before his junior season, a coaching dispute prompted him to leave Chino Hills and sign with Lithuanian professional team Prienai. In 2018, he played in the Junior Basketball Association (JBA), a league created by his father, before returning to high school as a senior with SPIRE Academy in Geneva, Ohio. Ball was a five-star recruit and committed to UCLA, but chose to forgo college basketball amid eligibility concerns and play in Au ...
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