No interest in LOT purchase

The offer for the sale of LOT Airlines has so far failed to attract the attention of the market and there seems little prospect for any change in the immediate future. The situation of the carrier, a member of the SAirgroup, declared bankrupt some time ago, has become so unattractive that the company's receiver has, for the time being, given up looking for an investor that would prop up the ailing operator. The receiver cited the change in the company's board of directors as one of the many setbacks to any deal. "The new chairman has to present his strategy first," said Erland Olsen of SAS. Another major problem is the fact that the company has a majority shareholder, the treasury, which will not sell its stake. (Puls Biznesu, p. 3) J.K.