newstodate.aero
Aug 11, 2015 (/newstodate) According to a Polish business media, the Polish carrier LOT may become a target for investments by a US investment company.
A private equity and venture capital firm specializing in making investments in growth capital, Indigo Partners has reportedly approached the Plish Ministry of Economy with a proposal to sign a LoI for significant cooperation in raising capital for the carrier that has now completed a two-year turn-around program to trim itself after several years in the red.
The cooperation is thus not about acquiring the state-owned shares in LOT, but raising the capital base enabling LOT to grow again.
Indigo Partners has already performed several similar operations with airlines such as Spirit Airlines and Frontier Airlines as well as engaging as a major investor in the Hungarian LCC Wizz Air.
A private equity and venture capital firm specializing in making investments in growth capital, Indigo Partners has reportedly approached the Plish Ministry of Economy with a proposal to sign a LoI for significant cooperation in raising capital for the carrier that has now completed a two-year turn-around program to trim itself after several years in the red.
The cooperation is thus not about acquiring the state-owned shares in LOT, but raising the capital base enabling LOT to grow again.
Indigo Partners has already performed several similar operations with airlines such as Spirit Airlines and Frontier Airlines as well as engaging as a major investor in the Hungarian LCC Wizz Air.