Friday, November 27, 2009

LOT ready to sell EuroLOT

Financially troubled LOT Polish Airlines are considering selling its EuroLOT subsidiary, which serves domestic air traffic. The decision will be made by the general shareholders meeting.

Last year EuroLOT has served 990 passengers, 55,000 fewer than in 2007, while this year is expected to bring another drop in number of domestic passengers.

The state, which owns 94 % of LOT's shares, would have to agree for the transaction.

Picture shows ATR-72 in EuroLOT livery.

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