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LOT Polish Airlines plans to cut fleet, jobs

LOT Polish Airlines received a $127 million emergency government loan last month in a bid to continue operations.

LOT Polish Airlines Boeing 787. By Kurt Hofmann LOT Polish Airlines received a $127 million emergency government loan last month in a bid to continue operations. The Polish government, 93% majority owner, plans to reduce the size of the flag carrier, hoping to make the company profitable again. A Wall Street Journal Europe report, which quoted a cabinet minister just days after the airline received the state loan, said it would shed more assets to keep operating. However, Poland ...

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