LTE was co-founded by LTU on April 29, 1987 in order to gain access to other European markets than just Germany for flights from Spain. Due to legal limitations, LTU's ownership of LTE was limited to 25% at that time.
The airline was based at PMI and operated with 3 ex LTU B757-200 during most of its existence.
The operation of a Spanish affiliate became obsolete after the liberalization of the EU airline makret. Nowadays it is possible to fly between any destinations within the EU.
By 2000ish, it was decided to sell LTE or close down the operation. AFAIK, the airline is now part of some Italian travel conglomerate.
Homer: Facts are meaningless. You could use facts to prove anything that's even remotely true!