SAirLines looks for right buyer for 25% package in LOT

It has been a year since Swiss airlines Swissair went bankrupt and it is still unknown which company would take over its 25.1% stake in Polish airlines LOT. The shares are currently owned by Dutch SAirLines Europe, which was a member of the Swissair group. "I am not in a hurry. Dutch law does not force me to sell LOT shares fast and I can do it in two or three years. I am looking for an investor, which would be acceptable to LOT and the other shareholders, which is very important where minority stakes are involved," said the official receiver of SAirLines Europe, Rutger Schimmelpenninck. LOT spokesman, Leszek Chorzewski commented that the State Treasury will make the decision and not LOT itself. He added that the company is sure that the stake be bought by a reliable company, and certainly one related to the aviation sector. According to Elrand Olsen, the CEO of SAS in Poland, the airline needs money to restructure and the shares might be bought by a financial group. (Puls Biznesu, pp. 1, 9) M.M.