Poland: € 100m Aid for LOT

Published: December 27, 2012; 23:40 · (Vindobona)

The Polish government grants a massive capital injection for the financially stricken airline.

Poland: € 100m Aid for LOT / Picture: © Flickr

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…

This article includes a total of 212 words.

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