AN airline which flew holidaymakers to European hotspots has suspended all its flights after an “unexpected financial reverse.”

AN airline which flew holidaymakers to European hotspots has suspended all its flights after an “unexpected financial reverse.”

LTE International made the announcement today, and Norwich Airport has since suspended LTE services to Spain.

Other airports around the country are also affected.

A statement from LTE managing director Michael Harrington said: “Our shareholders are trying to find a solution and we hope to give you more news in the next days,” he said in his statement.

“After 20 years of service you can imagine that is a very sorry blow for LTE and its staff.”

Richard Jenner, managing director at Norwich International Airport, said: “We are deeply disappointed at this news, which has come completely out of the blue.

“Bookings on LTE flights from Norwich had been doing well and we had high hopes for the success of their services.

“This situation is more a reflection of the current economic situation and wider problems faced by some airlines, rather than LTE's performance at Norwich.

“At the moment, LTE tells us that this suspension is only temporary, and some parts of the airline are still operating. LTE is not in liquidation or bankruptcy.

“It is too early to say if these flights will be reinstated.”