Poland: LOT bankruptcy not excluded

Embraer 195 (Photo: LOT).
Embraer 195 (Photo: LOT).

Poland: LOT bankruptcy not excluded

Embraer 195 (Photo: LOT).
Advertising

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.

Leave a Comment

Your e-mail address will not be published. Required fields are marked with * marked

This website uses Akismet to reduce spam. Learn more about how your comment data is processed.

Editor of this article:

[ssba buttons]

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.

Your
Aviation.Direct team
paywalls
nobody likes!

About the editor

[ssba buttons]

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.

Your
Aviation.Direct team
paywalls
nobody likes!

Leave a Comment

Your e-mail address will not be published. Required fields are marked with * marked

This website uses Akismet to reduce spam. Learn more about how your comment data is processed.

Advertising