PPRuNe Forums - View Single Post - LOT dismisses CEO and asks for government aid
Old 21st Jan 2013, 09:17
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DublinPole
 
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Location: Ireland
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LOT have since been given 400m zloty loan from the government for six months in return for restructuring the company for the future, the money went to the company towards the end of 2012. It was believed to be a loan because to give money would have led to an EU investigation into state aid

Now there is rumour that there will be a controlled bankruptcy of the airline and the remaining assets will be sold to subsidiary, EuroLOT. If what I've read is correct, if this would happen, the 400m zl loan may not be able to be recalled.

Draw your own conclusions from that

Link:
LOT trafi do Eurolotu? - Pasazer.com

Last edited by DublinPole; 21st Jan 2013 at 09:18.
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