Monday, October 13, 2014

LOT more and better financial situation. Public aid … – Dziennik.pl

LOT more and better financial situation. Public aid … – Dziennik.pl

Deputy Treasury Minister Rafal Baniak told reporters during the Baltic Buisness Forum in Swinoujscie, that national carrier does not need additional state aid. The company is looking for about 100 million, but the authorities know that they have to find the money outside the State.

Rafal Baniak added that the LOT is a growing interest investors . The improving financial situation makes it appear the first questions about the possibility of cooperation with the carrier.

According to the deputy minister does not matter whether the future investor will be associated with the airline industry or the financial markets. The condition is to maintain the brand, ensuring the company’s development and paying taxes in Poland.

READ ALSO: “DGP” reveals the details of the audit LOT. Experts threaten bankruptcy & gt; & gt; & gt;

In August of this year, the company earns on its core business. The restructuring program the company is valid until September of 2015. Until then, the lines can not open new connections. Support for the company was estimated at more than $ 1 billion. So far used one tranche of 400 million.

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