LOT Polish airlines will be sold this year – CEO

The troubled Polish flag carrier PLL LOT will be sold still this year, after a restructuring involving mass layoffs, newly appointed LOT CEO Sebastian Mikosz told reporters at a press conference on Thursday.

“I am confident that LOT can be privatized and this is my (…) objective number one,” Mikosz said. “We should restructure the company with a view to privatizing it.”

Mikosz said he had already discussed his restructuring plan with the Treasury Minister and got a go ahead. “It is beyond doubt that changes in LOT must be radical,” he said.

For the full story, please visit The Warsaw Voice

(Photo: © Strower / Wikimedia Commons / CC-BY-SA-3.0)