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Turkish Airlines interested in buying Lot

17th May 2010
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Turkey's national airline has expressed an interest in purchasing Poland's Lot – which has been experiencing financial difficulties.

"I'd like to buy Lot, although no final decision has been made. I know Lot is undergoing restructuring, so one will have to wait a while. But there's room for consolidation in the region and I have no intention of letting such an opportunity pass," Temel Kotil, Turkish Airlines CEO told Rzeczpospolita in an interview.

Lot is one of the state-owned companies the Polish government wants to sell in order to reduce the budget deficit, although such a sale in not planned before 2011, the treasury ministry announced earlier in the year.

In 2008 the Polish airline made a loss of zł.733 million. (RG)

Source: Rzeczpospolita; Dow Jones


From Warsaw Business Journal


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