We are pleased to communicate that, as already announced, the European Commission gave us its official YES today. Our Restructuring Plan was accepted and the aid provided in 2012 found to be compliant with European law. Today’s decision ends the formal procedure Brussels had commenced with respect to LOT. The Restructuring Plan will continue to be implemented as planned until the end of October 2015. The changes introduced so far resulted in a net profit of PLN 26 million for 2013, which is the first profit written by the company in 5 years. We have been able to achieve this thanks to restructuring of our connections network and fleet modernisation. Preliminary results for the first half of 2014 are as assumed and forecast in the Restructuring Plan.
Posted on: Tue, 29 Jul 2014 10:19:54 +0000
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