7th February 2012
Monday, May 21st, 2012
Three companies interested in buying Lot Polish Airlines
Turkish Airlines, Air France/KLM and Lufthansa are all interested in acquiring state-controlled Lot Polish Airlines, reported Dziennik Gazeta Prawna, citing unnamed sources.
The Treasury has already confirmed that it has officially entered into talks with Turkish Airlines, but failed to confirm any other potential buyers.
But unnamed sources from the Treasury told DGP that Air France/KLM and Lufthansa are the other interested companies.
“We'd like to privatize Lot as soon as possible, by the end of 2012 at the latest,” Treasury spokesperson Magdalena Kobos told the newspaper.
In order for the takeover to happen, regulations would have to be modified because current rules say that the state has to maintain a 51-percent stake in the company.
From Warsaw Business Journal
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LOT breaks passenger record
Turkish Airlines closer to purchase of LOT
Bingo Airways to launch in May
Eurolot buys eight planes from Bombardier
Budget airlines competing with Polish rail operators
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