newstodate.aero
APR 28, 2009 (newstodate): The Polish airline LOT is reportedly in bad financial state.
The carrier has lost significantly on fuel hedging contracts signed when the fuel prices were at an all-time high, and it will need fresh capital injections to secure operations.
As EU regulations would not allow the state to intervene again to save the carrier, fresh capital must come from external sources where investors in the airline business are currently hard to find.
The carrier has lost significantly on fuel hedging contracts signed when the fuel prices were at an all-time high, and it will need fresh capital injections to secure operations.
As EU regulations would not allow the state to intervene again to save the carrier, fresh capital must come from external sources where investors in the airline business are currently hard to find.