LOT to apply for second bailout package

Cash-strapped LOT airlines has applied for a second loan amounting to 100 million euros from the state.

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The European Commission is currently examining the first 400 million zloty (100 million euro) loan given to the airline in December, though it provisionally gave the green light to the bailout package in May.

LOT spokesman Mark Kłuciński has told the Radio Information Agency that the current restructurization plan for the state-owned carrier involves 360 redundancies from the airline’s administration and 100 flight crew are also set to lose their jobs.

The Polish Senate, the upper house of parliament, approved changing the law this month so that the airline, which carried five million passengers in 2012, can be fully privatised.

Air Berlin is thought to be one possible buyer for Poland’s national carrier which recorded losses of around 50 million euros in 2012.

(pg)

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