New aviation group for Poland

Described as a “milestone for the Polish and European aviation market”, four key companies led by LOT Polish Airlines have joined forces to set up the Polish Aviation Group to “start the integration of the industry in Poland and the CEE region”.

The Central and Eastern Europe (CEE) market is the most fragmented in Europe but is seen as having a passenger potential accounting for 180m people.

The new group is designed to tap into this. As well as the airline, members comprise LOT Aircraft Maintenance Services (LOTAMS), LS Airport Services (LSAS) and LS Technics.

LOT CEO Rafal Milczarski said: “Thanks to the integration of leading aviation companies into PGL, each passenger will be in the hands of one capital group and not several companies that do not share common goals and development strategy.”

He added: “Consolidation, combined with growing passenger demand, will require effective business management across all segments of the industry and PGL should stimulate the development of the aviation sector both in Poland and the CEE.

Like British Airways’ parent company International Airlines Group (IAG), the Lufthansa Group and Air France KLM, PGL will operate under one integrated structure and common management centre.

www.lot.com/gb/en

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