Airpolonia plays down deal with mystery investor while debts keep piling up

However, other sources claim that Airpolonia has also been in negotiations with a carrier from the UK and Ireland. "We have signed a confidential agreement, but full information will be provided in May," said Jan Litwiński, Airpolonia's president. The budget airline is somewhat in need of a cash injection, as, according to a sector representative, its debts currently exceed zł.47 million. Indeed, in 2003, the company recorded a net loss of zł.6.8 million. However, Litwiński commented, "Please show me a carrier that does not incur losses in the preliminary stage of its operations." (Puls Biznesu, pp. 1, 14) M.M.