The Polish government has “prepared a huge support package, foreseeing multi-billion public aid” for Poland’s national air carrier PLL LOT, announced Deputy Prime Minister and Assets Minister Jacek Sasin.
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“LOT has found itself in a very difficult situation, there are practically no air connections today, but the costs remain (…) That is why we have prepared a huge support package, foreseeing multi-billion public aid for this company,” said Sasin.
“Here we are seeing a huge collapse and we must take action to avoid the worst, that is, bankruptcy,” added the minister who denied in June that LOT – which is completely owned by the government-controlled Polish Aviation Group – may declare bankruptcy.
“We’re determined to save LOT, just like the governments of other European countries are determined to save their airlines, offering aid to those airlines,” said Sasin, quoting the examples of Lufthansa, Alitalia and Air France.
The COVID-19 crisis prompted LOT’s ownership in April to scrap its plans to buy German airline Condor. The buy-out of the charter firm was announced at the end of January, and the transaction, estimated at more than €500 million, was supposed to be finalised by the end of April. The German airline is now demanding €55.8 million (PLN 250 million) in compensation.
Before the outbreak in 2019, LOT had carried more than 10 million passengers – a first for the airline. (Mateusz Kucharczyk | EURACTIV.pl)