EU approves rescue loan for LOT Polish airlines

Written by on May 16, 2013 in Business, Europe, News - No comments

The European Commission has concluded that a rescue loan of PLN 400 million granted by the Polish government to Poland’s flagship airline carrier PLL LOT was in line with EU state aid rules, the commission said on Wednesday.

The European Commission found, in particular, that the aid was limited in time and scope.

The consent was given conditionally, until the commission can take a position on LOT’s restructuring plan to be submitted by Poland by June 20.

For the full story, please visit The Warsaw Voice
(Photo: © Strower / Wikimedia Commons / CC-BY-SA-3.0)

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