Polish airline shuts down

State-controlled regional airline Eurolot, an offshoot of LOT Polish Airlines, is going into liquidation after struggling with financial problems.

The airline has blocked all bookings beyond 31 March this year, but has promised that reservations already made for April and afterwards will be refunded.

Eurolot was established in 1997, becoming a subsidiary of the national airline in 2002.  The move is not unexpected, the Q400 operator having struggled for some time.

''For two months we analysed various options concerning Eurolot's activities,'' commented Adam Ambrozik, head of a restructuring department at the Polish Treasury Ministry.  ''We have taken responsible decisions regarding the ownership,'' he said adding that there was no foreseeable way of making the airline profitable.

Eurolot operates 11 Bombardier Q400 aircraft.   www.eurolot.com/en

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