LOT names new low-cost carrier in air flight war

State controlled PLL LOT is to launch a new low-cost airline. The decision was taken during yesterday's general shareholders meeting and the project has been given the working title Nowy Przewoźnik. The meeting decided to take a 100% stake, worth a nominal zł.5 million, in the new venture. "The name might be changed later. No decisions concerning personnel issues, airplanes or connections have been made yet," said LOT’s spokesman Leszek Chorzewski. The decision will allow the airline to enter a growing market niche. Sky Europe spokesman, Eryk Kłopotowski, commented: "As a paradox we will benefit. Thanks to the information campaign, clients will learn about cheap airlines. Another issue is whether LOT will succeed in merging a traditional airline with a budget one." (Puls Biznesu, pp. 1, 6) M.M.