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Polish LOT In Crise  
User currently offlineGOT From Sweden, joined Dec 2000, 1912 posts, RR: 1
Posted (12 years 4 months 2 weeks 3 days 14 hours ago) and read 1096 times:

According to a newsletter I got this day, polish LOT is in a deep crise. Within two months they may have run out of money, even though they got new money last onth from the polish government.
One of the problems are Swissair, which one 37,6% of the company. LOT is therefore looking for a new partner, and among the named are SAS, which have been interested earlier.
Any comments?

GOT


Just like birdwatching - without having to be so damned quiet!
16 replies: All unread, jump to last
 
User currently offlineJaws707 From United States of America, joined Aug 2001, 708 posts, RR: 1
Reply 1, posted (12 years 4 months 2 weeks 3 days 14 hours ago) and read 1005 times:

Does anyone have any sources of a press release or something? I read a post last week that said they were struggling, but I had a problem believing it. The reason is they recieved cash when they sold their 767's and then leased them back, they were talking about flying Miami to Warsaw, and the airport in Warsaw has plans for a new terminal and overall expansion. With theses reasons I can see that they might not be thriving, but I cannot believe things would have gotten so bad. Any ideas anyone?

User currently offlineEGFF From UK - Wales, joined Sep 2001, 2201 posts, RR: 12
Reply 2, posted (12 years 4 months 2 weeks 3 days 13 hours ago) and read 996 times:

I hope they find a partner, i like there colour scheme and it would be a shame to see them go!  Crying
EGFF



All together or not at all
User currently offlineLindy field From United States of America, joined Mar 2001, 3103 posts, RR: 14
Reply 3, posted (12 years 4 months 2 weeks 3 days 13 hours ago) and read 987 times:
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There will probably be an article on LOT in this week's Warsaw Voice. I will post it here when I see it.

User currently offlineParra From , joined Dec 1969, posts, RR:
Reply 4, posted (12 years 4 months 2 weeks 3 days 10 hours ago) and read 960 times:

I hope LOT can survive. Poland has probably the largest economy of the former socialist economies of Eastern Europe.

User currently offlinePolAir From United States of America, joined May 2001, 893 posts, RR: 2
Reply 5, posted (12 years 4 months 2 weeks 3 days 9 hours ago) and read 938 times:

...largest struggling economy of Eastern Europe. Lately i read somewhere statisctics about emigration in Poland. During first 8 month of 2001, 700% more people migrated out of Poland than in 1998-9 combined. Now maybe this is not equivelent of economical situation, but clearly there is something bad going on there. Hope SAS will buy SwissAir's stake on LOT. Would be nice to see LOT a/c's with a STAR on fuselage.

User currently offlineLindy field From United States of America, joined Mar 2001, 3103 posts, RR: 14
Reply 6, posted (12 years 4 months 2 weeks 3 days 9 hours ago) and read 927 times:
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PolAir,

I know you like the idea of LOT in Star Alliance, but really, do you want the Baltic Sea to become a Star Alliance pond? With Germany, Austria, Denmark, Sweden, and Norway dominated by Star already, it is good for consumers to have Poland's flag carrier also in the alliance. I for one, think not. I'd much rather see LOT in One World so as to balance out the strength of Star in Central Europe. I discount Skyteam because they already have CSA as a member.

The other thing I imagine might happen if LOT joins Star is that it will be gobbled up by Lufthansa. I think the idea of the German national carrier dominating or swallowing the Polish national carrier would really upset a lot of Poles. Can you imagine the sort of hay that Andrzej Lepper would make of that?

I also continue to think the severity of the Polish crisis is a bit exaggerated. Yes, these are hard times for the unemployed, and there are a hell of a lot of them, but most of my friends in Poland have spent the last few years renovating their apartments, enjoying their new cars, building new homes, or traveling. Life in Poland may be harder than it was a few years ago during the boom, but in most respects, it's a hell of a lot better than ten years ago.

With respect,

L.F.


User currently offlinePolAir From United States of America, joined May 2001, 893 posts, RR: 2
Reply 7, posted (12 years 4 months 2 weeks 2 days 23 hours ago) and read 900 times:

lindy field,
yeah i know what You mean. Lepper would use farmers to blockade airports in whole country. Haha.

". I think the idea of the German national carrier dominating or swallowing the Polish national carrier would really upset a lot of Poles "

I think it will happen one way or another. I believe that there is no place for a small cariers like LOT or CSA in future. I know, it is sad, but its true. especially after Poland joins European Union, which i dont think gonna happen anytime soon, because we are not ready, and they simply dont want us.


"I also continue to think the severity of the Polish crisis is a bit exaggerated. Yes, these are hard times for the unemployed, and there are a hell of a lot of them, but most of my friends in Poland have spent the last few years renovating their apartments, enjoying their new cars, building new homes, or traveling. Life in Poland may be harder than it was a few years ago during the boom, but in most respects, it's a hell of a lot better than ten years ago."

True, its better than over 10 years ago. But it is the worst since then  Sad

with respect ( z uszanowaniem) -
PolAir


-- GO UND SIOUX !! --


User currently offlineYKA From Netherlands, joined Sep 2001, 766 posts, RR: 0
Reply 8, posted (12 years 4 months 2 weeks 2 days 23 hours ago) and read 891 times:

The Polish Economy is thriving, the Polish zl is worth more then most European currencies and things are bound to get even better when they join the EU soon and adopt the Euro Dollar. There are unemployed people but if someone wants work they'll find it. The unemployemnt problem isin't better here in Canada either.

In regards to LOT, they will survive. The government will not let them die. Look at Air Canada, their financial situation is ridicouleus(sp?) and there's no way they're gonna go under because the givernemnt will do whats necessary to keep them flying. Same thing with LOT.


User currently offlineBestwestern From Hong Kong, joined Sep 2000, 6953 posts, RR: 57
Reply 9, posted (12 years 4 months 2 weeks 2 days 21 hours ago) and read 877 times:

Perhaps BA will be interested again, just like they were when they originally attempted to buy into LOT.


The world is really getting smaller these days
User currently offlineB744F From Germany, joined Jan 2006, 0 posts, RR: 0
Reply 10, posted (12 years 4 months 2 weeks 2 days 20 hours ago) and read 868 times:

Alliance with SAS (especially where SAS is major shareholder) means LOT will be forced to launch 6-8 times daily shuttle to ARN and CPH, and will save only East European destinations like MOW, PRG, SOF, BUD.  Smile Just joking but nevertheless that's already happend with airBaltic and Estonian Air.


User currently offlineLindy field From United States of America, joined Mar 2001, 3103 posts, RR: 14
Reply 11, posted (12 years 4 months 2 weeks 2 days 18 hours ago) and read 843 times:
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YKA--Well, the Polish economy isn't thriving, and not all of the 20% of unemployed Poles can find a job even if they try really hard. I just think that the Polish economic slowdown is part of the regular economic cycle and that, if the economy is well-managed, the Poles will see increased rates of growth with a year or two.

I personally would rather see BA link up with LOT because I think it would provide a greater balance against Star in Central Europe. Otherwise I have an image in my mind of Mitteleuropa International Airways growing out of Lufthansa, SAS, Austrian, and LOT.


User currently offlineLindy field From United States of America, joined Mar 2001, 3103 posts, RR: 14
Reply 12, posted (12 years 4 months 2 weeks 2 days 18 hours ago) and read 843 times:
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YKA--Well, the Polish economy isn't thriving, and not all of the 20% of unemployed Poles can find a job even if they try really hard. I just think that the Polish economic slowdown is part of the regular economic cycle and that, if the economy is well-managed, the Poles will see increased rates of growth with a year or two.

I personally would rather see BA link up with LOT because I think it would provide a greater balance against Star in Central Europe. Otherwise I have an image in my mind of Mitteleuropa International Airways growing out of Lufthansa, SAS, Austrian, and LOT.


User currently offlineAeroflot-777 From United States of America, joined Sep 2000, 85 posts, RR: 0
Reply 13, posted (12 years 4 months 2 weeks 2 days 16 hours ago) and read 831 times:

LOT will never be able to overcome this crisis if not the
government which can support it when needed.I personally never tried flying LOT,but my friends did.Well,
it is a standard East-European carrier just like CZA,
Malev,Aeroflot.Anyhow,good luck to LOT in the future.


User currently offlineGdabski From Poland, joined Oct 2001, 423 posts, RR: 0
Reply 14, posted (12 years 4 months 2 weeks 2 days 13 hours ago) and read 813 times:

B744F, it may be true. I'm afraid that SAS would make a "well connected with SAS" airline out of LOT. CPH is a Star Alliance hub for Poland with SAS operating small a/c to all major Polish 'regional' airports (KRK, SZZ, GDN, POZ, WRO) and probably would like LOT to fly this routes after buying some stakes in them.

When Swissair became a partner for LOT, they said that the 737's are to big for some routes thus LOT bought some ERJ's. After that more tickets were sold but the percentage of used seats went down. The fleet may be to big now. Also the trans-atlantic routes are a problem here. After ending operations to Asia the 5 767's fly only to JFK, EWR, ORD and to Canada. The a/c don't fly empty (except one of the two ORD-WAW flights departing two hours from each other on some days Smile) but this market is bringing huge losses to LOT. There are to few a/c to fly long-haul. If one breaks down there is no possibilty of a replacement like on other big airlines.

But I hope they'll survive...

BRGDS

Gdabski


User currently offlinePolAir From United States of America, joined May 2001, 893 posts, RR: 2
Reply 15, posted (12 years 4 months 2 weeks 2 days 10 hours ago) and read 797 times:

YKA, you are soooooo wrong.

I just hope there is somebody who can help LOT. BA would do it.


User currently offlineYKA From Netherlands, joined Sep 2001, 766 posts, RR: 0
Reply 16, posted (12 years 4 months 2 weeks 2 days 10 hours ago) and read 801 times:

Aeroflot-777 don't compare LOT to eastern European carriers. They are much better. It's an insult to compare them to airlines which still fly 30+ year old soviet fuel to noise convertors. Besides, Poland is in Central, not eastern Europe these days now that all those new countries are popping up in western Russia.

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