Locked content Polish Airline LOT wants to attract investors

Rafał Baniak, Under-Secretary of State and Vice Minister of the Treasury claims that Polish Airlines LOT has never been more attractive to investors than it is now. After an initial aid package of PLN 400 million to the ailing state-owned carrier, the company is making headway. It is no longer in th...

Locked content LOT aims for PLN 70 mln profit in 2014

Poland’s national airline LOT should record a PLN 70 million profit on core operations this year, the company’s CEO Sebastian Mikosz was quoted as saying by ISBnews. “I continue to uphold the goal of PLN 70 million from core activity. As to net profit, we do not know, because it will largely depend ...

Locked content LOT’s Dreamliner emergency lands in Glasgow

Boeing’s 787 Dreamliner, operated by the Polish airlines LOT has made an emergency landing at Glasgow airport on Friday. The plane was flying from Chicago to Warsaw when the crew received a warning from the firefighting system in the luggage compartment. There were no injuries. Officials at th...

LOT with profits on passenger traffic

Poland’s national airline LOT has started having a profit from its basic operations, the transport of passengers, the company’s CEO Sebastian Mikosz told the Polish Press Agency on Wednesday.

Poland lists 22 state-controlled companies ‘not for sale’

Polish State Treasury Ministry listed 22 companies deemed strategic and not for sale. Firms include chemicals Grupa Azoty, oil giants Lotos and Orlen, utilities PGE and Tauron, lender PKO BP and insurer PZU among others. According to the Treasury these companies “are strategic for the economic secur...

Commission approves state aid for LOT

After more than a year of formal proceedings, the European Commission announced on Tuesday that it has approved restructuring aid from the state for Poland’s national airline LOT.

Locked content LOT cancels its flights to Israel

Polish state-controlled airline LOT has suspended all of its flights to Tel-Aviv until Monday. “Due to the tense situation in Israel LOT has decided to suspend all flights to Tel Aviv until the end of Monday July 28. Decision has been made for the sake of safety of our passengers. With this decision...

Locked content LOT claims Ukrainian routes are safe. Offers refunds

Polish state-controlled airline LOT issued a statement that all of its routes over the Ukrainian airspace are safe. All of our Ukrainian destination (Kiev, Lviv and Odessa) are far away from the Eastern Ukraine territory where the armed conflict has been taking place. … long haul flights, such as Be...

Locked content LOT to receive second tranche of state aid this summer?

Polish state-owned airline LOT might receive another tranche of state help. “The Treasury Ministry has conditionally approved the handout,” said Deputy Minister Rafał Baniak, adding that the treasury wants to delay the second tranche as much as possible, “possibly not giving it at all, as this would...

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.