The Polish treasury minister Rafal Baniak has indicated to local media that the sale of LOT Polish Airlines could take as long as late 2014.
Baniak said the “LOT privatization process has not been suspended, but looking at the situation in the airline market, it is hard to expect that a new industry investor could be found.”
“We maintain relations with entities that could be interested in purchasing LOT in the future, although today no one is expressing such interest,” he added.
LOT sale may not be final until 2014
The Polish treasury minister Rafal Baniak has indicated to local media that the sale of LOT Polish Airlines could take as long as late 2014.
Baniak said the “LOT privatization process has not been suspended, but looking at the situation in the airline market, it is hard to expect that a new industry investor could be found.”
“We maintain relations with entities that could be interested in purchasing LOT in the future, although today no one is expressing such interest,” he added.