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Poland Planning Aid Package Of Up To 2.94bn Zlotys For LOT Airline

Published on Dec 23 2020 1:01 PM in General Industry tagged: LOT

Poland Planning Aid Package Of Up To 2.94bn Zlotys For LOT Airline

Poland is planning a public aid package of up to 2.94 billion zlotys ($805.35 million) for its national airline, LOT, the PAP news agency has said, citing a government draft law. The coronavirus pa...

Poland is planning a public aid package of up to 2.94 billion zlotys ($805.35 million) for its national airline, LOT, the PAP news agency has said, citing a government draft law.

The coronavirus pandemic has forced the cancellation of thousands of flights, sending many airlines worldwide into crisis.

"Restrictions introduced on the movement of people, including using air transport, have resulted in disturbances to the operational activity and financial situation of entities operating in this industry," PAP reported, citing the government's draft.

"The New Need For Quick Acceptance Of The Plan"

"Because, according to the information provided by the management board of PLL LOT, the company will lose financial liquidity on December 31, there is the need for quick acceptance of the plan," the document added.

LOT resumed international flights on July 1 almost four months after suspending them. It then stopped flying to several countries.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

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