Minister grounds talk of LOT's IPO as conflicts mount

"I lack basic information needed to make any decisions concerning the enterprise," added Mikosz, "I requested the company's board to present the financial results and I have not received them so far." He stated, however, that all ownership decisions have to be made after talks with LOT's second largest shareholder, namely, the receiver of Swissair that owns a 25% stake in the company. He nevertheless excluded the possibility of a capital injection for the airline from the State Treasury. The Minister also added that the carrier is becoming impossible to manage due to the lack of cooperation between the employees and the board. (Puls Biznesu, pp. 1, 6; Parkiet, p. 7) E.B.