LOT looks east as it signs code-share agreement with Singapore Airlines

"The contract allows the numbers of LOT to be introduced Singapore Airlines flights," explained Piotr Dubno, LOT management board member. Passengers may expect easier procedures thanks to this agreement. "This is the first step to strengthening our brand in the Eastern market prior the introduction of flights to Beijing at the end of 2006," explained Dubno. "Poland has 10 times more citizens than Singapore. This is a significant market," said Huang Cheng Eng, deputy president of SA. LOT expects that cooperation will help boost passenger traffic and thus the company's profitability. "At the of the year, profits less one-off occurrences should amount to zł.100 million," announced Piotr Dubno. Currently the company is working on a business plan and an issue prospectus for its IPO planned for 2006. (Puls Biznesu, pp. 1, 10) M.M.