In May, the European Commission granted LOT Polish Airlines tentative approval for its PLN400 million ($123.5 million) rescue bailout. The Commission said LOT needed the money to pay creditors and maintain operations pending the implementation of its restructuring plan, but was limited to what was needed to keep the company in business for six months. LOT has reported losses since 2008 and faced increasing liquidity problems.     Despite its financial problems, the Star ...

Subscribe to Access this Entire Article

"Interview - LOT Polish Airlines Chairman Sebastian Mikosz" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.