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Centralwings to expand its management and capital

"We have six candidates and I think that the decision should be made quickly. Maybe even today," said supervisory board member Bogusław Grabowski. The meeting will also include a discussion on the company's strategy for the new season. This summer Centralwings will offer a larger number of flights and will alter the management of its finances. "We decided to use the currency and fuel prices prognosis of LOT. This is a rational decision taking into consideration the future presentation of consolidated plans of the group," added Grabowski. Centralwings recorded a loss of zł.57.5 million in 2005 as compared to a projected loss of zł.43.3 million. The board has also turned to the owner of the company to increase the carrier's capital, which currently stands at zł.5 million. (Puls Biznesu, pp. 1, 8) A.K.

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