Negotiations continue between PP and Zbigniew Niemczycki

Poczta Polska (PP) is currently in negotiations over the acquisition of Zbigniew Niemczycki's company, which split from White Eagle Aviation (WEA), and which specialize's in cargo transportation chiefly for PP. "Our strategy envisages the formation of a strong logistics group," says Dominik Czajewski, director for organizational and strategic development at PP. "We will either take over existing companies or expand our activities in several segments," he added. Niemczycki confirmed he is willing to sell the company which split from renowned charter company WEA in August. "We are in initial talks with PP. It is too early however to speak of any details," said Niemczycki. Since WEA's withdrawal from the charter market, the company earns 85% of its revenues from contracts with PP. Niemczycki announced plans to return to the charter market, but would not reveal any further details. (Parkiet, p. 1) A.K