Tuesday, September 1, 2009

Where are LOT's Dreamliners?

According to press reports, LOT Polish Airlines is considering seeking damages from Boeing for delays in supplying 787 Dreamliner. The Polish national carrier would like to use the money for purchasing other planes (such as 777) or overhauling its current fleet of 767s, which serve transatlantic routes. LOT's management also does not exclude turning to Boeing's competitor - Airbus.

LOT should have received its first 787 last year, but they are now expected to appear in LOT's fleet in 2010 the earliest. The order was placed in 2005 and LOT was supposed to be the first European airline to get them.

Morgan Stanley is the investment bank involved in privatization of LOT, which is owned by the Polish state (93 percent). Remainder of shares is owned by the employees.

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