Poland’s troubled flagship airline PLL LOT is improving financial results and will therefore refrain from motioning for the second tranche of public aid until end-June 2014, LOT CEO Sebastian Mikosz told a news conference on January 21.
“The carrier is recovering business-wise: financial results are improving, the restructuring plan is implemented consequently and one of the first decisions of the company this year is that LOT will not motion for the second tranche of public aid until end-June 2014,” Mikosz said.
LOT’s priorities for 2014 include maintaining financial liquidity and the dynamic pace of restructuring, as well as seeking to expand the offer of revenue-generating non-aviation services, the CEO said pointing to LOT’s long-term strategy which is being drafted at the moment.
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