Poland's Treasury Ministry plans further changes in the national air carrier PLL LOT. The Treasury, which is LOT's major shareholder, has motioned to include supervisory board changes on the agenda of the airline's extraordinary general meeting scheduled for February 28. Dziennik Gazeta Prawna claims that the whole supervisory board will be dismissed.
The EGM agenda also includes a draft resolution on the sale of LOT's stake in fellow air carrier Eurolot. Market rumors see the stake transferred to the Industrial Development Agency or another state-owned entity. That move will provide additional funds that the troubled air carrier desperately needs.
LOT had an estimated loss of zł.157 million in 2012. The company received a loan of zł.400 million in the form of state aid in December, 2012.
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