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POLISH TREASURY MINISTER WARNS OF RISK OF INSOLVENCY FOR LOT

POLAND, Treasury Minister Wieslaw Kaczmarek said that LOT "must launch a deep restructuring, including significant cost cuts, otherwise, the company will go to the brink of insolvency and won't be able to pay for fuel. We've got about two months". Bankrupt Swissair Group holds a 37,6% stake in polish LOT.

AVIONEWS - World Aeronautical Press Agency - 20810
Rome, Italy, 11/30/2001 12:51
AVIONEWS - World Aeronautical Press Agency

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