LOT to review its entire group structure

On Monday Maciej Kwiatkowski became the new president of Centralwings. "The company will face considerable cost cutting and the implementation of a corrective program," declared LOT's president Krzysztof Kapis. "I also want to examine whether it is an optimal solution to connect charter flights and regular budget flights in one company," added Kapis. The CEO also wants to check whether the existence of Eurolot as a separate company generates sufficient benefits. "It is necessary to develop the network of flight connections. I want to extend the offer of transatlantic flights with flights to Washington or more connections to Canada. China or India are also at stake," stated Kapis. He revealed that he wants to renegotiate the agreements with Lufthansa: "As Lufthansa increased its offer on routes between Poland and Germany by almost 20% and LOT by only 7% over the same period, it is natural that we are losing the market. I want to renegotiate the code-share agreement to change the division of benefits," declared Kapis. (Puls Biznesu, pp. 1, 9) E.B.