The sour taste of cancelling the sale of LOT Catering

"We believe this transaction should be carried out at the end of the restructuring process," explained Tomasz Kopoczyński, acting president of LOT. LOT Catering will be sold once it improves its results, which is not an easy task bearing in mind that airlines are reducing the number of meals offered to passengers. "Lower turnover means the necessity of savings while preparing the meals," said Kopoczyński. At the same time the carrier will dispose of its 50% stake in skyscraper LIM Center either in Q1 or Q2 2006. Proceeds from this transaction will help develop the company. "We want to tidy up and simplify the structure of the group. Additional funds might be designated for financing development, including the purchase of new planes," said Kopoczyński. (Puls Biznesu, pp. 1, 6) M.M.