Karpiński: Holding is no remedy for LOT

The creation of a national aviation holding is not meant to be a remedy for the financial problems of LOT Polish Airlines, Treasury Minister Włodzimierz Karpiński told the Polish Press Agency in an interview. Poland’s national airline must first of all undergo restructuring and regain profitability, Karpiński explained. The Treasury Ministry, together with the Ministry of Development and Infrastructure, is working on an aviation firms consolidation concept. One of the options is to create a holding that would include LOT, Eurolot, LOT AMS, LS Airport Services and the Warsaw Chopin Airport. Such a concept worked in the Czech Republic, Karpiński said, while Hungarian national airline Malev went bankrupt, causing trouble also for the Budapest airport.