Poland: € 100m Aid for LOT

TransportAirlines & Airports ♦ 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: © 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…