Treasury Ministry files LOT's new flight plan

Currently the company has shares of Pekao and France Telecom, with a total value of zl.780 million, and it owns a part of skyscraper located in the center of Warsaw worth zl.500 million. "LOT is not a developer or an investment fund. It should focus on flying," said Dabrowski. Proceeds from the sales of the real estate and shares would be designated for launching new intercontinental connections, mainly with Asia."This is key to solving LOT's problems. The company was flying at farthest to Moscow. As of next year it will enter China, India, Kuwait and Japan, among others," said Dabrowski. "By the end of 2007 LOT should land on the Warsaw bourse. This step in my opinion is expansion and not a move to save the company," he added. However, for the time being the state plans to retain a 51% stake in the company. (Puls Biznesu, pp. 1, 7) M.M.