Poland Grants State Aid to LOT

Published: December 12, 2012; 21:56 · (Vindobona)

Poland´s national airline LOT gets financial support of more than € 100m.

Poland Grants State Aid to LOT / Picture: © Vindobona.org

Poland´s national airline needs financial assistance. Today, Poland´s Ministry of Finance resolved to grant an aid package for the financially stricken airline.

The increasing competition in the airline industry and the growing cost structure also affects LOT. In 2011, the airline recorded losses of € 35m. The Polish state owns 68% of the national carrier. At the moment, the…

This article includes a total of 113 words.

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