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Aircraft and airlines. European Commission starts investigation into state aid for LOT

Brussels, Belgium - Warsaw's government provided almost 200 million Euros to enable the restructuring of the carrier

The European Commission started an investigation to verify whether the financial support provided by the Polish government was given accodingly to the European regulation regarding state aid. Warsaw controls LOT by 93%, both directly and indirectly (25% is actually owned by Regionalny Fundusz Gospodarczy SA, which is 100% controlled by the State Treasury): the remaining is owned by the employees...

AVIONEWS - World Aeronautical Press Agency - 1156318
Rome, Italy, 11/07/2013 14:11
AVIONEWS - World Aeronautical Press Agency

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