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LOT and Boeing reach an agreement on compensation

11th December 2013
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The deal was signed after several months of negotiations between the two companies

LOT had estimated its losses resulting from the Dreamliner grounding at zł.100 million
Courtesy of Wikimedia Commons
LOT Polish Airlines and aircraft manufacturer Boeing have reached an agreement on compensation for the grounding of Boeing 787 Dreamliner planes in the first few months of 2013, Treasury Minister Włodzimierz Karpiński told Polish media. The deal was signed after several months of negotiations between the two companies. 
 
The final agreement was approved by LOT's supervisory board on Monday. The details are confidential. 
 
However, LOT had earlier said it estimated its losses resulting from the Dreamliner grounding at zł.100 million. The agreed compensation may be either in cash or in the form of reducing future leasing payments for the planes. 
 
LOT is undergoing a restructuring process and received state aid in the form of a zł.400 million loan in December 2012. It has already said that its financial results have improved more than was initially expected.
 
LOT currently has five Dreamliner planes and will receive a further three no later than 2017. 
 

From Warsaw Business Journal


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