Sponsored Content
Poland: € 100m Aid for LOT
The Polish government grants a massive capital injection for the financially stricken airline.
Poland: € 100m Aid for LOT / Picture: © Vindobona.org
In total, LOT gets an aid package worth more than € 250m. This was reported by the Polish newspaper “Dziennik”. Without the aid measures, LOT would be threatened by bankruptcy, CEO Marcin Pirog admitted. “Although LOT has sold assets worth more than € 150m, there will be enormous losses.” he said.
This year, the airline´s expected losses total € 55m. In 2011, the…
or Log In
Fast News Search