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LOT Polish Airlines denies Air China deal

08/05/2016| 2:50:34 PM|

Polish flag carrier LOT has denied press reports that its Chinese counterpart Air China is considering taking a 49% stake in the eastern European airline.

The state-owned carrier has flirted with privatization.

There have been several unsuccessful approaches in the past by other airlines to take a stake in the Polish carrier, which hopes to be in the black in 2016 after losses last year.

However, a LOT spokesman told ATW that any link with Air China would be “simply commercial cooperation.”

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TAGS: LOT Polish Airlines | Air China | Poland | investments
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