EU Commission waves through LOT state aid

Embraer 195 (Photo: Jan Gruber).
Embraer 195 (Photo: Jan Gruber).

EU Commission waves through LOT state aid

Embraer 195 (Photo: Jan Gruber).
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The EU Commission had a small “Christmas present” for the Polish Star Alliance member LOT, because the rescue package submitted by the government for approval was given the green light. In total, the carrier will receive 650 million euros.

Of this, 400 million euros will be paid out in the form of a subordinated loan granted by the state holding company Polski Fundusz Rozwoju. LOT receives a further 250 million euros through a direct grant, which is made available through the issue of new shares that are acquired through PGL. The ownership will not change as a result of the measures.

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Editor of this article:

René Steuer is an editor at Aviation.Direct and specializes in tourism and regional aviation. Before that, he worked for AviationNetOnline (formerly Austrian Aviation Net), among others.
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René Steuer is an editor at Aviation.Direct and specializes in tourism and regional aviation. Before that, he worked for AviationNetOnline (formerly Austrian Aviation Net), among others.
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Nobody likes paywalls
- not even Aviation.Direct!

Information should be free for everyone, but good journalism costs a lot of money.

If you enjoyed this article, you can check Aviation.Direct voluntary for a cup of coffee Coffee trail (for them it's free to use).

In doing so, you support the journalistic work of our independent specialist portal for aviation, travel and tourism with a focus on the DA-CH region voluntarily without a paywall requirement.

If you did not like the article, we look forward to your constructive criticism and / or your suggestions for improvement, either directly to the editor or to the team at with this link or alternatively via the comments.

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