Mikosz steps down as head of LOT

Sebastian Mikosz has quit as the CEO of state-owned carrier LOT Polish Airlines. According to daily Rzeczpospolita, the resignation has been accepted. Mikosz decided to step down in connection with the decision of the Ministry of State Treasury to not conclude negotiations with investment fund Indigo Partners. The ministry said in a letter to the fund that due to upcoming general elections, the issue of LOT privatization will be handled by the next government. "In this situation, my mission as the CEO of LOT has come to an end," Mikosz explained. "Without a private investor who will finance the expansion in the medium-term perspective, the company may disappear."