The Condor takeover was called off due to the corona. Now the Polish government wants to put together a rescue package for LOT.
Before the Corona crisis, the LOT parent PGL wanted to take over the German holiday airline Condor, but now the Polish Star Alliance member itself is stumbling heavily. Minister Jacek Sasin said in an interview with the radio station RMF-FM that bankruptcy can no longer be ruled out. However, this should only be the most extreme case.
LOT is currently renegotiating wage cuts and leasing contracts. The carrier should thereby reduce costs as much as possible. A government rescue package is now in preparation, although the minister has not announced any further details.
The Polish airline was hit particularly hard by the corona pandemic, as Poland had banned all connections. Only a few days ago LOT was able to resume a few domestic connections. The ban on international flights will end on Tuesday, but the restart in the entire industry will still take some time.