LOT may create separate charter company next year

PLL LOT Polish airlines is considering creating, most likely next year, a separate company dealing with charter flights only. Services of that kind are developing very dynamically, and LOT plans to enlarge its market share in the charters flight business up to 54% from its current 52%. It is estimated that 420,000 passengers, or 77,000 more than last year, will take advantage of charter flights this year. LOT will be running around 20% more charter flights this year, with new connections launched. Moreover, it will enlarge its fleet by 5 new aircraft, 2 Boeing 737-500’s and 3 Embraer-145’s. LOT President Jan Litwinski confirmed the company is interested in beginning the second stage of the privatization process. The Minister of Treasury is to make a decision within one or two months whether to debut LOT on the Warsaw Stock Exchange. (Prawo i Gospodarka, p.2; Puls Biznesu, p. 5) A.D.