PPRuNe Forums - View Single Post - LOT dismisses CEO and asks for government aid
Old 27th Dec 2012, 09:08
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eu01
 
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Last week, the loss-making LOT airlines, which are 68 percent owned by the Treasury, requested 400 million zloty (100 million euro) as the first part of an aid package from the Treasury Ministry in return for a radical restructuring process which will include job losses.
According to some reports, LOT already got that money, the bank transfer took place a couple of days before Christmas. The plans are to credit them with even more zlotys, the entire sum will amount to EUR 250 mln.

The magic word "national" (airline or whatever else) still does wonders around the world, doesn't it?
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