Air France-KLM eyes LOT
WARSAW: Franco-Dutch giant Air France-KLM is interested in investing in Poland’s troubled flag-carrying airline LOT, a news report published today said.
In addition to Air France-KLM, two other investors are also eying state-run LOT, the Polish daily Dziennik Gazeta Prawna said, without revealing its sources. Polish treasury spokesman Maciej Wewior said that three would-be investors had come forward but declined to give details.
However, an Air France-KLM spokeswoman denied that the company was interested in LOT. “We have expressed no interest in LOT,” the spokeswoman said. The Polish state holds 93 per cent of LOT, while the rest belongs to the airline’s staff.
The government has been aiming to privatise the carrier, which in 2008 lost 733 million zlotys ($261 million) and had last year launched a restructuring programme.