newstodate.aero
Feb 19, 2013 (newstodate): The Polish state's vacillating position on sale of its national carrier LOT is again taking a fresh turn.
According to Radio Poland, preparations are now made for a renewed attempt to sell the carrier already in 2013.
As late as in September 2012 the Polish government declared that it had put all plans for privatization of LOT on hold, citing the current dire situation for many airlines in Europe and the increasing number of bankruptcies so far in 2012.
The latest re-bounce in sales plans was spurred by interest shown by Turkish Airlines earlier in 2012. But the carrier finally withdraw from negotiations again in June as it became clear that a take-over would conflict with EU requirements on limited ownership shares by non-EU parties.
Prior to that, a tender effort was also made in 2011 - but produced no results.
The economic situation of LOT has deteriorated further since then, lately also boosted by the failure of the Boeing 787 Dreamliner that was seen as a last-ditch effort to regain breath through more fuel-efficient intercontinental services helped by the general hype around the introduction of the advanced new aircraft.
According to Radio Poland, preparations are now made for a renewed attempt to sell the carrier already in 2013.
As late as in September 2012 the Polish government declared that it had put all plans for privatization of LOT on hold, citing the current dire situation for many airlines in Europe and the increasing number of bankruptcies so far in 2012.
The latest re-bounce in sales plans was spurred by interest shown by Turkish Airlines earlier in 2012. But the carrier finally withdraw from negotiations again in June as it became clear that a take-over would conflict with EU requirements on limited ownership shares by non-EU parties.
Prior to that, a tender effort was also made in 2011 - but produced no results.
The economic situation of LOT has deteriorated further since then, lately also boosted by the failure of the Boeing 787 Dreamliner that was seen as a last-ditch effort to regain breath through more fuel-efficient intercontinental services helped by the general hype around the introduction of the advanced new aircraft.