EC may soon approve aid for LOT

EU competition commissioner Joaquin Almunia said on Wednesday that he expected a positive decision to come soon regarding the state aid issued to LOT Polish Airlines.

“I can anticipate that one [decision] that is being prepared for the next weeks, I don’t know if before the summer break or immediately after the summer break, a positive decision will also be the Polish airline LOT,” the commissioner was quoted as saying by Reuters.

LOT received a loan worth PLN 400 million as state aid in December 2012. In June 2013 Poland’s government filed the company’s restructuring plan along with a motion for approval of the aid to the European Commission.

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