Polish Airline LOT Staves off State Aid

People ♦ Published: October 15, 2013; 10:01 ♦ (Vindobona)

Because of the effective restructuring measures, the airline carrier has fended off the need for a capital injection by the Polish state, accordint to Deputy Treasury Minister Rafal Baniak.

Polish Airline LOT Staves off State Aid / Picture: © LOT Polish Airlines

"In connection to the financial situation improvement of the carrier the need to apply for capitalization has been put off," Baniak announced to PAP Polish news agency on Monday. "LOT is conducting a restructuring process whose effect has been postponement of the necessity of granting state aid."

According to the Deputy Treasury Minister, LOT’s results surpassed all expections.…