LOT Polish Airlines Boeing 787
The European Commission (EC) has opened an in-depth investigation to assess whether a €200 million ($270 million) government aid package for state-owned LOT Polish Airlines complies with European Union (EU) rules. LOT had reported losses every financial year since 2008 and faced increasing liquidity problems in December 2012 when the company was forced to ask for state aid to avoid bankruptcy. In May, the Commission approved a temporary €100 million rescue bailout package, ...
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