||LOT POLISH AIRLINES
||+48 22 606 6565
||+48 22 846 6409
Click below for data links:
LOT-2003-10 - JOINS STAR
LOT-2004-03 - 1ST E170
LOT-2004-04 - E170 STAR
LOT-2004-06 - 737 TO CIRRUS-A
LOT-2004-09 - 737 TO CIRRUS
LOT-2004-11 - E170-A
LOT-2004-11 - E170-STAR
LOT-2005-01 - EMB-170
LOT-2005-04-A - CENTRALWINGS
LOT-2005-05 - 75 YRS-A
LOT-2005-05 - 75 YRS-B
LOT-2005-05 - 75 YRS-C
LOT-2005-05 - 75 YRS-D
LOT-2005-05 - 75 YRS-E
LOT-2005-11 - 787 ORDER-A
LOT-2011-11 - INCDT-767
LOT-2011-11 - INCDT-A
LOT-2012-01 - NEW CABIN CREW UNIFORM
LOT-2012-11 - 1ST 787
LOT-2013-01 - 787-A
LOT-2013-01 - 787-B
LOT-2013-01 - 787-C
LOT-2013-11-AID FOR LOT
LOT-2016-01 - Warsaw to Venice.jpg
LOT-2016-07 - 737-400 Upgrade.jpg
FORMED AND STARTED OPERATIONS IN 1929. STATE OWNED. SCHEDULED & CHARTER, DOMESTIC AND INTERNATIONAL, PASSENGER AND CARGO, JET AIRPLANE SERVICES.
UL. 17 STYCZNIA 39
PL-00-906 WARSAW, POLAND
Poland (Republic of Poland) was established in 1918. It covers an area of 312,683 km. Its official language is Polish. The population is 40 million. The capital city is Warsaw.
JANUARY 1993: SERVICES TO 61 CITIES IN 40 COUNTRIES.
1992 = -$8.9 MILLION (NET LOSS) (-$43.1 MILLION): +33.8% PASSENGERS (PAX), +15.4% (FTK) (FREIGHT TRAFFIC).
737-55D (PT655) & 737-45D (PV281; PV283) DELIVERIES.
MARCH 1993: 2 ORDERS (1994 & 1995) 737'S.
SEPTEMBER 1993: 2 ORDERS 767-300ER'S. RETURNED 767-200ER TO (ANZ) (USED FOR SUMMER LEASE).
JANUARY 1994: 1993 = +$2.9 MILLION: +2% (RPK) TRAFFIC, +10% PASSENGERS (PAX), +5.3% (FTK) FREIGHT TRAFFIC.
MARCH 1994: 1 737-400 DELIVERY.
APRIL 1994: 1 ORDER 737-300, & 2 ORDERS 767-300ER'S.
MAY 1994: 1 ORDER 737-500.
JULY 1994: 1ST 6 MONTHS 1994 = +2.1% (RPK) TRAFFIC, +6.8% PASSENGERS (PAX), -4.4% (FTK) FREIGHT TRAFFIC.
SEPTEMBER 1994: 1ST 767, HEAVY MAINTENANCE "SC4" CHECK AT AIR NEW ZEALAND (ANZ), 2ND TO BE AT (LOT), IN OCTOBER 1994.
MAY 1995: 1 767-300ER (CF6-80C2B4) DELIVERY.
JULY 1995: 1ST 6 MONTHS 1995 = +21% PASSENGERS (PAX), +18% (FTK) FREIGHT TRAFFIC.
3,945 EMPLOYEES (INCLUDING 350 FLIGHT CREW (FC) & 670 MAINTENANCE TECHNICIANS (MT)).
1 ORDER (1996) 737-400 (CFM56-3C1).
NOVEMBER 1995: LEASE OF 767-300 (SP-LPA) TO AIR NEW ZEALAND (ANZ) UNTIL APRIL. 3 TU-154'S TO (CIS). 7 INACTIVE TU-134'S FOR SALE. COMPLETED "3C" CHECKS ON 767'S IN 24 DAYS. 767-300 (SP-LPB) DELIVERY, IN MAY 1995 HAS AVERAGED 16.2 HOURS/DAY.
JANUARY 1996: 1995 = +$2.4 MILLION (+$0.9 MILLION) (NET PROFIT): 1.9 MILLION PASSENGERS (PAX) (+16%) (1.6 MILLION); 70% LF (LOAD FACTOR) (+3.0).
JAN LITWINSKI, CHAIRMAN SAYS (LOT) CURRENTLY OPERATES 10 737'S, 4 767'S, & 7 ATR-72'S.
SOLD LAST TU-154 TO SIBERIAN SOBOL. TO SELL 7 TU-134'S TO RUSSIAN AIRLINES. NOW HAS 10 +5 ORDERS 737'S, 4 +2 ORDERS 767'S, & 7 ATR 72'S.
APRIL 1996: JAN KUJAWA VP ENGINEERING & MAINTENANCE (TECHNICAL DIRECTOR).
CODE SHARE WITH AMERICAN AIRLINES (AAL) TO NEW YORK (JFK), MIAMI (MIA), CHICAGO (ORD), & LOS ANGELES (LAX).
767-300ER RETURNED FROM (ANZ) AFTER 6 MONTH LEASE, & PUT IN FOR "S4C" 6 YEAR, HEAVY CHECK, FOR 4 WEEKS. 1 737-300, (GUI) 2 YEAR LEASED.
MAY 1996: 1 737-300, (GUI) LEASED, FOR CHARTERS. +1 ORDER (MAY 1997) 767-300. 2 OUT OF 7 OUT OF SERVICE TU-134'S, SOLD TO (CIS) OPERATOR & SOLD 1 OF 4 OUT OF SERVICE TU-154M'S.
JUNE 1996: POLISH CIVIL AVIATION AUTHORITY (CAA) REASSIGNED CATEGORY 1 BY (FAA), AFTER PRELIMINARY 2 MONTHS AT CATEGORY 2 OF SAFETY OVERSIGHT.
1 767-300ER, (GUL) LEASED 18 MONTHS (24484), (GAMCO) DID CABIN RECONFIGURATION, (TCAS) INSTALLATION & EXTENDED TWIN-ENGINE OPERATIONS (ETOPS) MODIFICATION).
MAY 1997. +2 737-400'S IN APRIL & JUNE 1997.
JULY 1996: 1ST 6 MONTHS = +11.4% (RPK) (TRAFFIC).
1 737-400 DELIVERY.
SEPTEMBER 1996: NEW ROUTES TO JOHANNESBURG, AND MANCHESTER.
SOLD 2 TU-154M'S TO (CIS) AIRLINE, LEAVING ONLY 1 FOR SALE. FARNBOROUGH 2 ORDERS 737-400'S, & 1 ORDER 767-300ER (5TH). 2 ORDERS (JUNE 1998) 737-800'S (CFM56-7B), 165 PAX, 2 CLASS, $102 MILLION.
NOVEMBER 1996: EMPLOYEE REDUCTION MOSTLY BY ATTRITION, BUT TECHNICAL DIRECTOR IS INTERESTED IN PLACING SOME OF THEIR ENGINEERS IN BOEING (TBC) ON WORK CONTRACTS.
CONTRACT FOR 2 737-800'S LIKELY TO GROW TO +2 EACH YEAR, UNTIL 2002 (USA-TODAY).
DECEMBER 1996: JAN KUJAWA DIRECTOR MAINTENANCE & ENGINEERING, RESIGNED.
SOLD 1 TU-154M TO A (CIS) OPERATOR (ONLY 2 LEFT OF 14). THE INACTIVE 7 TU-134'S WILL PROBABLY BE SCRAPPED THIS YEAR.
JANUARY 1997: FORMS SEPARATE STOCK COMPANY CALLED EUROLOT TO TAKE OVER DOMESTIC & SHORT RANGE, INTERNATIONAL FLIGHTS, NAMELY, ALL ATR 72 OPERATIONS. IN 2ND QUARTER 1997, TO EXPAND TO SMALLER CITIES IN POLAND & NEIGHBORING COUNTRIES.
FEBRUARY 1997: MCDONNELL (MDC) OPENS OFFICE IN WARSAW MAINLY FOR F-18 AIRPLANE SUPPORT.
IN 1997, DELIVERIES OF 2 737-300'S, 2 737-400'S & 1 767-300ER. TO DELAY 2 737-800'S FROM 1998, TO 1999.
MARCH 1997: CODE SHARE WITH (ALI), VIA KRAKOW, TO ROME & MILAN (LOT) 737) & (ALI) MD-80).
APRIL 1997: 1996 FISCAL YEAR (FY) = -$14 MILLION.
TO FLY POPE TO POLAND IN 737-500.
5TH RECORD YEAR OF CARGO TRAFFIC +16% 20,634 TONS.
4,030 EMPLOYEES (INCLUDING 1,180 FLIGHT CREW (FC) & 1,100 MAINTENANCE TECHNICIANS (MT)).
737-45N DELIVERY. +8 ORDERS (2000) 737-800'S. DELAYED 2 737-800'S FROM 1998, TO 1999.
MAY 1997: 767-300 RETURNS FROM (ARE). SOLD 1 TU-154 (1 LEFT). 5TH 767-300ER "POZNAN" DELIVERY (CF6-80C2B6).
JUNE 1997: BOGDAN PAPIS DIRECTOR ENGINEERING & MAINTENANCE. MICHAL SZALBOT MAINTENANCE MANAGER.
AMERICAN AIRLINES (AAL) CODE SHARE, TO BE EXTENDED TO BOSTON, WASHINGTON DC, SAN FRANCISCO (SFO), SEATTLE (SEA), DENVER (DEN), PHOENIX, & DALLAS/FORT WORTH (DFW).
PRIVATIZATION LEGALLY TO BE BY 6/98, BUT MAY BE BEFORE.
6TH 737-400 & 5TH 767-300 DELIVERIES, DIRECT FROM EVERETT. 7TH 737-400 DELIVERY.
JULY 1997: CODE SHARE WITH AMERICAN AIRLINES (AAL), TO NEW YORK (JFK), CHICAGO (ORD), MIAMI (MIA), & LOS ANGELES (LAX).
SUBSIDIARY, EUROLOT, REGIONAL OPERATOR, WITH 8 ATR 72'S LEASED, FOR 200 WEEKLY OPERATIONS TO GDANSK, KRAKOW, POZNAN, WROCLAW, & SZCZECIN.
180 MINUTES (ETOPS) 767 FLIGHTS/MONTH: 258 OVER NORTH ATLANTIC, & 34 OVER ASIA.
2 737-300'S DELIVERIES.
AUGUST 1997: LAST TU-154 SOLD OF 14 TO BURYAT AVIA.
SEPTEMBER 1997: 737-300, LEASED SINCE 5/96 RETURNED TO (GUI), & ONTO (CAM).
OCTOBER 1997: 1ST 7 MONTHS 1997 = +7% PASSENGERS (PAX) (+11%). 70% LF (LOAD FACTOR) FOR NORTH ATLANTIC (77% LF) DUE TO INCREASED COMPETITION.
767 180 MINUTES (ETOPS) FLIGHTS/MONTH: 213 OVER NORTH ATLANTIC, & 34 OVER ASIA.
NOVEMBER 1997: IN 1999, WILL BE 70TH ANNIVERSARY! (LOT) IS ONE OF THE OLDEST AIRLINES IN EUROPE. IN 1929, WAS A FOUNDING MEMBER OF (IATA). 1999, IS ALSO 10TH ANNIVERSARY OF 1ST BOEING AIRPLANE.
IN 12/97 KRAKOW - NEW YORK & CHICAGO (ORD).
JAN LITWINSKI, PRESIDENT FOR 5 YEARS, AND 25 YEARS WITH (LOT).
7 OUT-OF-SERVICE TU-134'S NOW 2. RETURNED 767-300 TO GULF AIR (GUL), AFTER 18 MONTH LEASE.
JANUARY 1998: 1997 INCREASE IN PASSENGERS (PAX), DESPITE SMALL REDUCTION IN LOAD FACTOR TO 65%. 1ST 9 MONTHS 1997 = +44% INTERNATIONAL CARGO VOLUME. DOMESTIC = +12%. 1ST 9 MONTHS 1997 = 1.75M PAX (+12%).
(MOU) FOR FORMAL AGREEMENT WITH BRITISH AIRWAYS (BAB), INCLUDING CODE SHARE WARSAW - MANCHESTER, & KRAKOW LONDON GATWICK, POSSIBLE WARSAW - LONDON HEATHROW. CODE SHARE TO GERMANY WITH DEUTSCH BA (DBA).
VINGRESOR AB, SWEDEN, SIGNS WITH (LOT) TO PROVIDE CHARTER FLIGHTS (WANTS TO CAPTURE 1 3RD OF POLISH INTERNATIONAL TOURIST TRADE).
DONATES TU-134 TO A TECHNICAL AVIATION SCHOOL IN KATOWICE, POLAND. NOW 4 LEFT (PARKED). APPLIED TO US DEPARTMENT OF TRANSPORT (DOT) TO WET-LEASE 767-35DER, FOR 243 TRIPS FOR AEROLINEAS ARGENTINAS (ARG) FOR BUENOS AIRES - NEW YORK (JFK), 1 - 4/98, WHILE (ARG) HAS AIRPLANE IN HEAVY MAINTENANCE. LEASES 767-3P6ER (24484) FROM GULF AIR (GUL) UNTIL 6/98.
FEBRUARY 1998: (IATA) SELECTS (LOT) AS "BEST BUSINESS CLASS AIRLINE IN EUROPE (3RD YEAR)."
TO SELL CASINOS POLAND ($14.5M), AT 5 POLISH CITIES.
TO BOSTON. CODE SHARE WITH AMERICAN AIRLINES (AAL), SERVICE TO WASHINGTON DC/BALTIMORE, DENVER, SAN FRANCISCO (SFO), CLEVELAND, DALLAS/FORT WORTH (DFW), SEATTLE (SEA), PHOENIX, AND SYRACUSE.
SUBSIDIARY, EUROLOT, $30 MILLION, LEASING CONTRACT WITH AERO INTERNATIONAL FOR 5/3 ATR 42'S, 48 PAX (NOW HAS 8 ATR 72'S, 64 PAX).
MARCH 1998: LIKELY COMMERCIAL AGREEMENT WITH FINNAIR (FIN).
1 737-300 (2897) LEASED TO OLYMPIC AIRWAYS (OLY), FOR 3 MONTHS.
APRIL 1998: CODE SHARE WITH FINNAIR (FIN), INCLUDING GDANSK - HELSINKI.
4,030 EMPLOYEES (INCLUDING 1,180 FC & 1,100 MT).
MAY 1998: 1ST 767 NONSTOP KRAKOW - TORONTO. POSSIBLE FUTURE WARSAW TO CALGARY & VANCOUVER.
(MOU) RE-JOINT VENTURE, WITH (GE) FOR (CFM56-3) SERVICES. (LOT) TO OWN 51%, (GE) 49%.
EUROLOT 5 ORDERS ATR 42-300'S (PW120). 737-300 RETURNED FROM 3 MONTHS LEASE TO OLYMPIC (OLY).
JUNE 1998: NOW CODE SHARES WITH FINNAIR (FIN), AMERICAN (AAL), ALITALIA (ALI), LUFTHANSA (DLH), AUSTRIAN (AUL), SWISSAIR (SWS) & CURRENTLY NEGOTIATING WITH IBERIA (IBE).
SUCCESS OF CHARTER FLIGHTS TO CANARY ISLANDS, TURKEY, & TUNISIA, HAVE MADE (LOT) INTERESTED IN CONSIDERING 757 AIRPLANES.
1ST ATR 42 DELIVERY FOR EUROLOT.
JULY 1998: REGULAR FLIGHT SERVICES TO 49 CITIES, IN 32 COUNTRIES.
2ND ATR 42 FOR EUROLOT DELIVERY.
(ETOPS) 180 MINUTES FLIGHTS/MONTH (TOTAL): 5 767 = 214 (14,258) NORTH ATLANTIC, 26 (2,122) OVER ASIA.
AUGUST 1998: 3RD ATR 42 FOR EUROLOT.
SEPTEMBER 1998: WLADYSLAW METELSKI, (LOT) REPRESENTATIVE AT BOEING FOR LAST 4 YEARS, RETURNS AS DIRECTOR QUALITY & AVIATION SAFETY.
OCTOBER 1998: EXPANDS (http://www.lot.com) ONLINE BOOKING.
FISCAL YEAR (FY) 1997 = -$38.9 MILLION (-$13.2 MILLION).
5 767'S 180 MINUTES (ETOPS) FLIGHTS/MONTH (TOTAL FLIGHTS) = NORTH ATLANTIC 212 (14,948); ASIA 26 (2,200).
JANUARY 1999: 2 ORDERS EMBRAER ERJ-145'S. PLANS FOR +4 IN 2000.
FEBRUARY 1999: 70TH YEAR ANNIVERSARY!
6/6 ORDERS ERJ-145'S.
MARCH 1999: SOON TO BE 10 YEAR PARTNERSHIP WITH BOEING, WHEN 2 767-200'S WERE ORDERED, AS POLAND BROKE AWAY FROM BEING A SATELLITE OF THE SOVIET UNION. THE BERLIN WALL WAS TORN DOWN IN 1989. (LOT) NOW HAS 20 BOEING AIRPLANES.
DEFERS DELIVERY OF 2 737-800'S. 737-300 (28732), EX-WINAIR (WII), AIR NEW ZEALAND (ANZ), 7 MONTH LEASED.
APRIL 1999: 4,150 EMPLOYEES (INCLUDING 1,180 FC & 1,100 MT).
(http://www.lot.com). (email@example.com). SITA: WAWSPLO.
MAY 1999: 4TH ATR 42 DELIVERY. (LOT) MOVES UP 6 PLACES, IN RANKING OF WORLD REGIONAL AIRLINES, TO #77 (EUROLOT).
JUNE 1999: GOVERNMENT OK'S PRIVATIZATION BY 08/99, WITH 10% FOR $285 MILLION (INTEREST BY AMERICAN (AAL), BRITISH (BAB); SCANDINAVIAN (SAS), AND LUFTHANSA (DLH). MAY SELL 38%.
POPE'S VISIT (EMPLOYEES WERE IMPRESSED WITH HIS PRESENCE, AND HUMOR). POPE LEFT FROM KRAKOW ON 737 AIRPLANE.
JULY 1999: CODE SHARE WITH SABENA (SAB), TO BRUSSELS.
AUGUST 1999: 1ST 6 MONTHS = 2.46 BILLION RPK (+3.5%), 39 MILLION FTK (-20.4%), 1.16 MILLION PAX (-1.2%).
2 ATR 42-300 (024, EX-CIMBER AIR; 031 EX-MED AIR, FOR EUROLOT.
SEPTEMBER 1999: IN 10/99, CODE SHARE WITH EL AL (ELA) TO TEL AVIV.
EUROLOT RECEIVES 5TH ATR 42 THIS MONTH. ADDS SCHEDULED LINK TO KATOWICE. EXPECTS TO CARRY 350,000 PASSENGERS IN 1999.
OCTOBER 1999: SELECTS SAIRGROUP (SWS) AS A STRATEGIC PARTNER. (SWS) WILL INITIALLY BUY 10% (LOT) CAPITAL. BY END OF 1999, (SWS) WILL ACQUIRE 37.6% STAKE.
1998 = 2.64 BILLION RPM (+1.2%), 331.1 MILLION FTM (+1%).
767-35DER (SP-LPA), 6 MONTH WET-LEASED TO AIR NEW ZEALAND (ANZ). 1 737-3U3 RETURNED TO (ANZ), AFTER 7 MONTH LEASE.
NOVEMBER 1999: 1998 = +$546,000 (-$41.4 MILLION).
JOINT VENTURE, WITH (GE) TO DO MODULAR REPAIR OF (CFM) ENGINES, & EVENTUALLY OVERHAUL ALL (GE) ENGINES. A LARGE TEST CELL IS TO BE BUILT ON OUTSKIRTS OF WARSAW.
ANDRZEJ SLODOWNIK PRESIDENT, RECENT PH D FROM WARSAW POLYTECHNIC UNIVERSITY, WITH THESIS IN PART, THE CREATION OF A MATHEMATICAL MODEL FOR AIRCRAFT RELIABILITY.
DECEMBER 1999: JOINS QUALIFLIER AIRLINE ALLIANCE GROUP.
FEBRUARY 2000: 4,158 EMPLOYEES.
MARCH 2000: IN 5/00, TO TURIN.
1 737-400 (25594), EX-ISTANBUL (IST) INDIGO (INZ) LEASED, AFTER "C" CHECK AT BEDEK (IAI).
APRIL 2000: 767-300 (SP-LPA) RETURNED FROM AIR NEW ZEALAND (ANZ).
MAY 2000: PLANS 14 CHARTER FLIGHTS TO EDMONTON, CANADA (767).
CONVERTS 6 OPTIONS ERJ-145'S TO ORDERS.
JUNE 2000: +3 ORDERS ERJ-145'S, FOR TOTAL 15 ORDERS.
JULY 2000: 1999 = +$845,000: 70.2% LF; 2.6 MILLION PAX (+4%); 4,156 EMPLOYEES (+1.4%).
AUGUST 2000: 1ST 6 MONTHS PRE-TAX = -$16.76 MILLION.
5TH ERJ-145 DELIVERY, 42 PAX.
SEPTEMBER 2000: 2 ERJ-145 DELIVERIES. PLANS TO LEASE 3 737-500'S IN THE FALL POSSIBLY FROM AOM (MNR).
OCTOBER 2000: CODE SHARE WITH SABENA (SAB), GDANSK - BRUSSELS. TO LONDON GATWICK (LGW), DAILY). POZNAN/WARSAW - DUSSELDORF (ERJ-145, DAILY).
1 737-4YO (2223-25594), RETURNED TO AERFI (AFJ). 8TH ERJ-145 (329, SP-LGH) DELIVERY. 3 737-53C'S (1894-24825; 2041-24826; 2043-24827), EX-AOM (MNR), FLIGHTLEASED (SWS).
NOVEMBER 2000: 1ST 9 MONTHS PRE-TAX = -$14 MILLION (+96%): 2.15 MILLION PAX (+7.2%).
WIESLAW WYPYCH DIRECTOR ENGINEERING & MAINTENANCE REPLACES BOGDAN PAPIS VP TECHNICAL & OPERATIONS. BOGDAN PAPIS VP SPECIAL PROJECTS. MICHAL SZALBOT DIRECTOR MAINTENANCE CONTRACTS.
"BUSINESS TRAVELER" MAGAZINE AWARDS (LOT) "BEST EASTERN EUROPEAN AIRLINE 2000."
10TH ERJ-145 DELIVERY.
DECEMBER 2000: SOLD 1 767-35DER (24865) (CF6-80C2) TO BOULLIOUN (BOU), AND LEASED BACK FOR 5 YEARS.
JANUARY 2001: 7 ATR 72-202'S (246, SP-LFA; 265, SP-LFB; 272, SP-LFC; 279, SP-LFD; 328, SP-LFE; 402, SP-LFF; 478, SP-LFH) TRANSFERRED TO EUROLOT OPERATIONS.
FEBRUARY 2001: POLISH TREASURY MINISTER HAS STATED THAT A DECISION TO CONTINUE PRIVATIZATION WILL BE MADE AFTER REVIEWING 2000'S FINANCIAL RESULTS. GOVERNMENT OWNS 51%, SAIRGROUP (SWS) 38%, EMPLOYEES 11%.
2000 GROSS = +$11.4 MILLION: 2.79 MILLION PAX (+7.2%).
PLANS FOR +2 737'S BY 5/01, LEASED.
MARCH 2001: 1 737-5L9 (28996), MAERSK (MRS) 3 YEAR LEASED. 2 EMB-145MP'S (406, SP-LGL; 408, SP-LGM) DELIVERIES.
APRIL 2001: SERVICES TO 43 DESTINATIONS IN 31 COUNTRIES. CODE SHARE WITH CROSSAIR (CSR), TO GENEVA.
MAY 2001: RESUMES SERVICE TO BEIRUT (WEEKLY), AFTER 26-YEAR BREAK.
JUNE 2001: US-POLAND, PHASED, "OPEN-SKIES" PACT SIGNED. PACT PROGRESSIVELY, OPENS AVIATION SERVICES IN THE BILATERAL MARKET, UNTIL 1/04, WHEN COMPLETE "OPEN SKIES" AGREEMENT WILL EXIST.
JULY 2001: TO GOTHENBURG (ERJ-145, DAILY), AND TO ODESSA (ERJ-145, 4/WEEK).
NOVEMBER 2001: RECEIVES COLLATERAL, FOR NEW FINANCING, WORTH $97 MILLION FROM GOVERNMENTT. Government raised its stake to 68%.
1ST 6 MONTHS = -$59.4 MILLION.
INTENDS TO RESTRUCTURE. WILL LAY OFF -800 STAFF (20%).
DECEMBER 2001: IN 4/02 TO VENICE (5/WEEK).
COMPLETES 1ST 737-400 "D" CHECK. 767 WET-LEASED TO UNIVERSAL AIRLINES (ZUA), FOR NEW YORK (JFK) - PORT OF SPAIN - GEORGETOWN (GUYANA).
JANUARY 2002: 2001 = -$158 MILLION: 62% LF (-3); 3.2 MILLION PAX RECORD!
WILL CUT -800 JOBS, OF 4,300.
737-400 "D" CHECK COMPLETED.
APRIL 2002: APPEARS SET TO JOIN THE "STAR (SAL) ALLIANCE," AND INITIATES IN 6/02 CODE SHARE WITH LUFTHANSA (DLH) BETWEEN POLAND AND GERMANY, (LOT)'S BIGGEST EUROPEAN MARKET. THE CO-OPERATION AGREEMENT WITH (DLH) ENABLES ASSISTANCE TO BE PROVIDED FOR (LOT) TO ADAPT TO THE STAR (SAL) ALLIANCE'S STANDARDS, & SYSTEMS IN PREPARATION FOR JOINING IN 2003.
CODE SHARE WITH BRITISH AIRWAYS (BAB), TO MANCHESTER.
(TELEPHONE: +48 22 606 6111). (FAX: +48 22 846 6409).
MAIN BASE: WARSAW - OKECIE (WAW). HUB: WAWA (YXZ).
EMB-145MP (560, SP-LGO) DELIVERY FOR EUROLOT.
July 2002: 2001 = -$159.78 Million (+$7.05 Million): 6.05 Billion RPK (+4.5%); 62.7% LF; 3.28 Million PAX (+14.6%); 69.04 Million FTK (-12.5%); 4,199 (+2.4%).
1 767-3P6ER (24484, SP-LPD), ex-Malev (HGA), Pembroke (PEB) leased to replace 767-35DER (27902, SP-LPB), which will have its wet-lease, extended for another 2 years, to Universal Airlines (ZUA), Guyana. 767-35DER (27902), returned to lessor.
September 2002: (LOT) is on target to double an earlier earnings forecast to +# 60 Million Zlotys/+$68.7 Million (-# 285 Million Zlotys).
ATR42-500 (516, SP-EDA), leased for EuroLot.
October 2002: (LOT) Aircraft Maintenance Services:
Contact: (firstname.lastname@example.org). SITA: WAWNTLO.
(Telephone: +48 22 606 80 02). (FAX: +48 22 606 81 02).
ATR 42-300 (080) returned to ATR. 4 ATR 42-500's (522, SP-EDB; 526, SP-EDC; 530, SP-EDD; 443, SP-EDE), deliveries for Eurolot.
November 2002: Code share with SN Brussels Airlines (DAT), to Brussels.
Govt raises its stake in (LOT) to 68% to bolster the airline's finances. Plans to list (LOT) on the Warsaw exchange in 2004, and retain 10% of the shares.
December 2002: In 1/03, will start performing "C" checks on Lufthansa (DLH) 737's.
January 2003: (LOT) will join the Star (SAL) Alliance in 6/03.
2002 = +# PLN 109.3 Million/+$28.4 Million (-# PLN 639 Million): 6.07 Billion RPK (+1.7%); -10.6% ASK; 69.6% LF (+7.8); 3.39 Million PAX (+5.3%); 73.68 Million FTK (-1.4%).
10/11 orders (1/04) E170.
March 2003: Wroclaw - Munich. Poznan - Krakow - Vienna (EuroLot ATR 72, daily).
Marek Grabarek acting (CEO), following resignation of Jan Litwinski Chairman, President, & (CEO). Resignation was in response to allegations in the local media of financial improprieties involving him and other management board members, whereby they received >$743,500 in supplemental wages in 2000 - 2001 from (LOT)'s strategic partner at the time, SAirGroup's now defunct Swissair (SWS) unit.
April 2003: 4,400 employees.
June 2003: Marek Grabek confirmed as President & (CEO).
SITA: WAWNDLO. (email@example.com).
August 2003: Warsaw - Beirut - Basra (weekly).
September 2003: Poland rated Category 2 safety status by (FAA).
In 10/03, (LOT) will become a member of the Star Alliance and will begin code sharing with United Airlines (UAL) beyond Chicago, New York, and Newark, to nearly 30 USA cities, including Boston, Denver, Los Angeles, San Francisco, and Washington (IAD).
In 10/03, Warsaw - Geneva (ERJ-145, 6/week).
2002 = +$27.7 Million (-$107.8 Million): 5.87 Billion RPK (+.8%); -10.6% ASK; 69.6% LF (+7.8); 3.2 Million PAX (+4.3%); 67 Million FTK (-2.8%); 4,216 EMPLOYEES (-8.4%).
2002 TOP WORLD AIRLINES TRAFFIC RPK (Billion):
93 (RAM) 6.38; 94 (EXPRESSJET) 6.36; 95 (QTA) 6.20; 96 (COI) 5.96; 97 (AAL) EAGLE) 5.94; 98 (LOT) 5.87; 99 (FRO) 5.45; 100 (WJI) 5.49; 101 (MAU) 5.34; 102 (ATLANTIC SE) 5.31; 103 (JPL) 5.16.
October 2003: New York (JFK) to Warsaw with connecting service to Krakow (757).
Becomes the 17th member of the Star (SAL) Alliance, enhancing Star's network in an area already served extensively by Scandinavian Airlines (SAS), Lufthansa (DLH) and the Austrian Airlines (AUL) Groups. (LOT) is the largest carrier in Central and Eastern Europe, and serves 46 cities in Europe and beyond in addition to 12 destinations in Poland.
(LOT)'s intention to privatize, remains stalled until a strategic investor emerges with a concrete bid for the 25.1% stake once held by defunct Swissair (SWS). The Polish state treasury holds 67.97% and (LOT) employees have the remaining 6.92%. Star (SAL) partner Scandinavian Airlines (SAS) has made no secret of its interest in bidding for the open shares but is unfortunately is currently financially embattled with restructuring itself.
1st 9 months = 4.98 Billion RPK (+3.55); 2.88 Million PAX (+9.6%); 57.83 Million FTK (+9.2%).
December 2003: 737-45D (28753) wet-leased to Aegean (CRM) & 737-45D (27156) wet-leased to Aerosvit (UKA). 1 767-300ER wet-leased to (BWIA) West Indies Airways (TTA) for its Port of Spain - Manchester route.
February 2004: Plans to put its E170 on its Warsaw - Manchester route in 7/04.
March 2004: (FAA) Safety Oversight upgrades Poland to Category 1.
In 5/04, Poland and 9 other Eastern European and Baltic states will become members of the European Union (EU), and thus will have to adopt the (EU)'s 3rd package of deregulation.
Warsaw - Venice (5/week).
Bmibaby (BMI) coordinates marketing and sales efforts with GermanWings (RFG), who are discussing similar agreement with (SAS) Snowflake and (LOT) Polish Airlines.
April 2004: Lufthansa Technik ((DLH) (LTK) will provide total component support for (LOT) ERJ's.
In 5/04, code share with Adria Airways (ADR), Ljubljana - Vienna - Warsaw.
1st Q = 1.07 Billion RPK (+13.4%); 719,000 PAX (+15%); 17.4 Million FTK (+3.1%).
E170-100ST (170-00027, SP-LDD), (GEF) leased delivery.
May 2004: 2 737-53C's (24826; 24827), wet-leased to Sky Europe (SKP).
June 2004: Will establish a low-cost subsidiary by end of 2004. Will transfer 2 to 5 737-300's to the new carrier.
Transferred its entire passenger and baggage handling at Warsaw to Lufthansa (DLH) Systems' Departure Control System.
Star Alliance: Air Canada (ACN); Air New Zealand (ANZ); All Nippon Airways (ANA); Asiana (AAR); Austrian (AUL); Blue 1 (applicant); bmi (BMI); (LOT) Polish Airlines; Lufthansa (DLH); Scandinavian (SAS); Singapore Airlines (SIA); South African Airways (SAA) (applicant); Spanair (SPP); (TAP) Air Portugal (applicant); Thai Airways (TII); United Airlines (UAL); US Airways (USA); & Varig (VAR).
Warsaw - Dublin (5/week).
2 E170-100ST'S (00029, SP-LDE; 00035, SP-LDF) deliveries.
July 2004: Plans to cut its staff and costs by -20% by end/06.
Still plans to start a low-cost unit subsidiary to start in the fall with 3 to 5 737's in Krakow.
2003 = -$29.19 Million (+$28.9 Million): 6.19 Billion RPK (+4.5%); 72.2% LF; 3.72 Million PAX (+8.5%); 78.56 Million FTK (+6.6%).
October 2004: Now plans to start its operations of a low-cost subsidiary in 2/05.
Govt, the major shareholder, anticipates an Initial Public Offering (IPO) in spring 2005.
767-35DER (659-28656, SP-LPC), wet-leased to HollandExel (HOL).
December 2004: New low-cost subsidiary, "PolishWings" (CWG) capitilized at # EUR 1 Million/$1.33 Million, will launch in 2/05, with fleet of 5 737 Classics that will fly from Warsaw and Katowice (where it will go head-to-head with Wizz Air (WZZ)), with the focus on serving cities in Eastern Europe. It will also take over (LOT)'s charter operations and will form a joint venture with GermanWings (RFG), linking up with its bases at Cologne & Stuttgart.
Decides later to call its low-cost subsidiary "CentralWings" (CWG) and initial flights to be in 2/05, Krakow & Warsaw to London Gatwick (737-300/737-400, (LOT) wet-leased). Then, Warsaw - Hannover. In 3/05, Warsaw - Prague, Katowice - Hannover, Colgne/Bonn, Warsaw - Bologna, Lusbon, Nuremberg. in 4/05, Warsaw, Krakow - Rome. In 5/05, Warsaw - Catania, Girona, & Malta.
January 2005: 2004 = +# 3 Million zlotys/+$960,000 (-# 109 Million zlotys). Government is still seeking a buyer for a 25% stake in (LOT).
March 2005: CentralWings (CWG) now serves 15 cities. CentralWings (CWG) 1st flight Warsaw & Krakow to London Gatwick (LGW). Katowice to Cologne/Bonn (3/week). In summer, Katowice to Hanover. Warsaw to Nuremburg, Hanover, Prague, Lisbon, Bologna, Barcelona Girona, Rome Ciampino, & Catania. Krakow to (LGW), & Rome Ciampino.
Piotr Kociotek (CEO), CentralWings (CWG).
+2 737-200's by 5/05 for total 5. Another +2 737-200's in /06.
767-341ER (24843, SP-LPE), ex-Varig (VAR), Itochu leased.
May 2005: 4,042 employees.
Lufthansa (DLH) expands its e-ticketing program to include flights on its partner airlines bmi (BMA) and (LOT) Polish.
June 2005: Converted 4 options to firm orders E170, 82Y.
August 2005: 1st 6 months = +# 72.6 Million zloty/+$21.6 Million (+# 9.8 Million zloty). Intends to have an Initial Public Offering (IPO) in 2nd Q of 2006, to offer shares owned by an investor syndicate that will be sold along with newly issued shares. The government will retain control of (LOT) with 51%.
3,761 employees (-6.6%).
In 9/05, code share with Adria Airlines (ADR), Ljubljana - Warsaw (4/week).
September 2005: Star Alliance chose UK-based Zero Octa as the preferred vendor for revenue recovery and protection services. Ten member carriers - - Air Canada (ACN), Air New Zealand (ANZ), Asiana Airlines (AAR), bmi (BMA), (LOT) Polish Airlines, Singapore Airlines (SIA), Spanair (SPP), United Airlines (UAL), US Airways (USA) and Varig (VAR) - - will be using Zero Octa.
(LOT) Polish Airlines ordered 7 787-8s and took options on 2 and "hold purchase rights" on +5 more. Boeing valued the firm airplanes at around $910 million at list prices. They will be powered by Rolls-Royce (Trent 1000)s and deliveries begin in 2008. The 787s will replace (LOT)'s 6 767-300s and 2 767-200s. Airbus had offered the A350 in competition. (LOT) said the evaluation process was supported by Sabre Airline Solutions while the final results were scrutinized by Ernst & Young. The supervisory board's decision in favor of the Boeing product was unanimous. "The 787 fits perfectly with our cost reduction and profitability strategies," (LOT) President & (CEO) Marek Grabarek said. Including (LOT), 22 airlines have announced firm orders and commitments for 263 787 Dreamliners, Boeing said. (LOT) is the largest customer in Europe to order the jet. Italian leisure carrier Blue Panorama (BPA) and the UK's First Choice (ATZ) also have ordered it.
October 2005: Singapore Airlines (SIA) and (LOT) Polish Airlines implemented a code share agreement for customers traveling between Warsaw and Singapore and beyond markets in Asia. Beginning October 30, (SIA) passengers will be able to connect to (LOT)'s daily services to Warsaw through (SIA)'s European gateways of Frankfurt, Amsterdam and Zurich. (LOT) customers will have more travel options to Singapore on (SIA)'s 2x-daily flights from Frankfurt and daily flights from Zurich and Amsterdam, with connections in Singapore for travel onward into Asia and the South Pacific.
December 2005: 1st 11 months = Passenger traffic 5.83 Billion (RPK) (+7.1%); Freight traffic 65.30 Million (FTK) (-8.2%); 3.32 Million passengers (+2.4%).
(LOT) Polish Airlines launched 12x-weekly service from Warsaw to Bydgoszcz and 19x-weekly flights to Zielona Gora. (LOT) uses Jetstream 32s wet-leased from Jet Air.
(LOT) Polish Airlines' supervisory board dismissed Marek Grabarek, President of the carrier's management board, as well as board members Piotr Dubno and Wladyslaw Metelski. The sackings took place at a supervisory board meeting. No reason was given for the action. (LOT) also announced that supervisory board President Piotr Czyzewski and member Sbawomir Lachowski resigned.
Supervisory board member Tomasz Kopoczynski will replace Grabarek on an interim basis pending a formal selection process that will commence following a December 29 supervisory board meeting.
Grabarek, a former state treasury official, was appointed on an interim basis to succeed Jan Litwinski, who resigned in mid-March 2003 amid charges of financial improprieties. Grabarek guided the carrier through full membership in the Star (SAL) Alliance and oversaw the launch of low cost carrier (LCC) subsidiary Centralwings (CWG) last year.
767-35DER (28656, SP-LPC) wet-leased to Air Italy (ITZ) until 5/06.
January 2006: (LOT) Polish Airlines started the sale of Etix e-tickets for flights to New York, Paris and Prague. E-tickets will be introduced for flights to Scandinavia, Budapest and Zurich later this year.
February 2006: Star Alliance member carriers at Paris (CDG) Terminal 1 have begun moving into new check-in Hall 4, the alliance announced last week. Thai Airways (TII) and bmi (BMA) already are using the new Star Alliance facilities and Adria Airways (ADR), All Nippon Airways (ANA), Croatia Airlines (CRH), (LOT) Polish Airlines, Lufthansa (DLH) and (SAS) Scandinavian Airlines will relocate by the end of the month. There are 24 check-in desks currently available. Singapore Airlines (SIA), United Airlines (UAL), US Airways (AMW)/(USA) and Varig (VAR) will start making use of the new facilities in 2008 once additional areas of the terminal are refurbished. Star (SAL) Alliance-branded self-service check-in units will become available in March to customers of select alliance carriers.
March 2006: (LOT) Polish Airlines supervisory board named Polish Civil Aviation Office President Krzysztof Kapis (LOT)'s new President & (CEO). He worked at (LOT) from 1975 to 2001, holding a variety of positions including Commercial Director, and Product & Marketing Director.
(LOT) leased a 7th 767, a 767-300ER for the summer season to increase service to North America. It will offer 16x-weekly flights to New York (Newark and (JFK) and 11x- to Chicago O'Hare. From Krakow, (LOT) operates 3x-weekly to New York and 6x-weekly to O'Hare. It also is modernizing its transatlantic business (C) class service. 4 new Embraer E175s will appear on expanded European routes during the summer. It is developing its domestic network and will offer +20% more flights from Warsaw to 10 Polish cities.
April 2006: The Star (SAL) Alliance is working on collective specifications for the 787, Air New Zealand (ANZ) (CEO), Rob Fyfe said during the group's meeting in Johannesburg earlier this week. The (SAL) alliance has a working group including member airlines Lufthansa (DLH), All Nippon Airways (ANA), Singapore Airlines (SIA), (ANZ), Air Canada (ACN) and (LOT) Polish Airlines negotiating with Boeing on a wide spectrum of specifications ranging from cockpit configuration through galley configuration and seat pitch. Individual carriers would buy the airplanes, "but a far-reaching commonality in the specifications facilitates the seasonal airplane swapping between members," Fyfe noted, adding there is also a cost benefit. "The more you have commonality in your requirements, the more that Boeing will look to feed those issues into the base design, rather than having to do them as add-on incremental." Economies of scale are an additional advantage.
(LOT) Polish Airlines leased a used 767-319ER (24876, SP-LPF) from (ILFC) (ILF) for 3 years. The airplane was delivered earlier this month.
May 2006: As the national carrier of Poland, (LOT) Polish Airlines (LOT) provides scheduled passenger and cargo services within Europe and to the Americas.
(IATA) Code: LO - 080. (ICAO) Code: LOT - LOT.
Parent organization/shareholders: Polish government (67.97%); SAirLines Europe (25.1%); & employees (6.93%).
Owns: EuroLOT (100%); & CentralWings (CWG) (100%).
Alliances: Star Alliance; Aeroflot Russian Airlines (ARO); AeroSvit Airlines (UKA); Belavia Belarussian Airlines (BLV); Bulgaria Air (LZB); Cyprus Airways (CYP); El Al (ELA); Malev (HGA); Pulkovo Airlines (STG); Slovak Airlines (SLO); SN Brussels Airlines (DAT); Tarom (TRM); & (THY) Turkish Airlines.
Main Base: Warsaw Frederic Chopin (WAW).
Domestic, Scheduled Destinations: Bydgoszcz; Gdansk; Katowice; Krakow; Lodz; Poznan; Rzeszow; Szczecin; Warsaw; Wroclaw; & Zielona Gora.
International, Scheduled Destinations: Amsterdam; Athens; Barcelona; Beirut; Berlin; Brussels; Bucharest; Budapest; Chicago; Copenhagen; Dublin; Dusseldorf; Frankfurt; Geneva; Hamburg; Helsinki; Istanbul; Kaliningrad; Kiev; Larnaca; Ljubljana; London; Lviv; Lyons; Madrid; Manchester; Milan; Minsk; Moscow; Munich; New York; Newark; Nice; Odessa; Oslo; Paris; Prague; Riga; Rome; Sofia; St Petersburg; Stockholm; Tallinn; Tel Aviv Yafo; Toronto; Venice; Vienna; Vilnius; Zagreb; & Zurich.
(LOT) Polish Airlines signed a deal with (BRE) Leasing for the purchase of 4 Embraer E175s, that will be owned by Polish leasing company (PLL) (LOT) and leased to (LOT) for 7 years with an option for 5 more. (LOT) also took delivery of its 7th 767-300, a leased plane owned by (ILFC) (ILF), to be operated by (LOT) until February 2009 on transatlantic flights.
1st E175 (00125, SP-LIA) (see photo) delivery, (PLL) leased.
June 2006: 2 E175's (00132, SP-LIB; 00136, SP-LID), deliveries.
October 2006: In 1st 9 months (LOT) Polish Airlines had 5.28 billion (RPK)s passenger traffic (+6.6%); 58.4 million (FTK)s (+11.6%); and 2.81 million passengers (+1.7%).
(LOT) Polish Airlines should be set for an Initial Public Offering (IPO) by the end of 2007 or early 2008. The Polish government said last week, that more details will be released when year-end 2006 financial figures become available, Polish news agency "(PAP)" reported.
November 2006: (LOT) Polish Airlines has a new Chairman. Tomasz Dembski has replaced Krzysztof Kapis, who was asked to leave by the board. No further details were available. Kapis, who was the former head of the Polish civil aviation authority, was named Chairman in March.
January 2007: (LOT) Polish Airlines said it is working with the Polish Airports State Enterprise and local authorities to launch direct 3x-weekly Rzeszow - New York flights by summer. Warsaw and Krakow currently are the only Polish cities with direct links to the USA. Starting April 10th, Warsaw - New York (JFK) increased to 6x-weekly using 767s. Starting April 15th, Warsaw - Newark incresed to 3x-weekly using 767s. Starting May 1st, Warsaw - Newark increased to 5x-weekly, and Warsaw - (JFK) increased to 7x-weekly, using 767s. Starting June 1st, Warsaw - Newark increased to 7x-weekly and Warsaw - (JFK) increased to 9x-weekly, using 767s. Starting June 3rd, new 1x-week, Rzeszow - (JFK), using 767s. Starting June 7th, new daily Rzeszow - Newark, using 767s. Starting September 9th, Rzeszow - (JFK) discontinued. Starting September 13th, Rzeszow - Newark discontinued.
(LOT) Polish Airlines signed a 3-year deal with CarTrawler to offer its automobile rental distribution system on (LOT)'s website (http://www.lot.com).
February 2007: (LOT) Polish Airlines named Marek Mazur Chairman & (CEO) according to press reports. He comes from outside the company and replaces Tomasz Dembski, who took over in November, for the fired Krzysztof Kapis.
(TBC) announced its 787 deal with (LOT) Polish Airlines. (LOT) raised its 787 commitment to 8 with an order for 1 additional airplane. (LOT) will be the 787's 1st European operator, when it takes 1st delivery next year.
March 2007: (LOT) Polish Airlines reported a +PLN539.8 million/+ $182.6 million profit in 2006, largely from asset sales. A year-ago comparison was not provided. (LOT) earned +$27.3 million in 2005. Revenues from "basic operations" fell -0.4%, according to (LOT), to PLN2.76 billion and costs rose +4.2% to PLN2.79 billion. Pre-tax earnings of +PLN605.8 million represented a fivefold increase over the year-ago result, a figure that was achieved "from single transactions of sale of the company's assets." It did not elaborate. (LOT) transported 3.7 million passengers, a +3.6% year-over-year increase. Load factor was 74.1% LF. It said a +12% rise in passengers on its USA and Canadian routes drove the increase.
Starting April 2nd, Warsaw - Belgrade, using ERJ-145s. Starting April 21st, Warsaw - Stuttgart, using ERJ-145s.
Marek Mazur is out as (CEO) of (LOT) Polish Airlines after just 38 days, according to press reports from Warsaw. His replacement, when named, will be (LOT)'s 4th (CEO), since last fall. Mazur told Polish television he did not know why he was let go, according to the Associated Press, but several reports indicated that the Ministry of the Treasury was against the appointment from the start, and ousted Mazur, once it secured the backing of "bankruptcy officers" on (LOT)'s board. The Financial Times reported that Deputy Treasury Minister Ireneusz Dabrowski told Polish television that the ministry, which owns 68% of (LOT), wanted to retake full control of (LOT) and needed to raise approximately PLN350 million/$120.2 million to buy out Swissair (SWR)'s liquidator, which owns 25.1%, according to (LOT)'s website. Employees hold 6.9%.
(LOT) Polish Airlines leased 2 82-seat E175s from (GECAS) (GEF). They will enter service in the 2nd half of this month, at which point (LOT) will operate 16 E170s/E175s.
E175 (00154, SP-LIF), delivery.
May 2007: Starts Katowice - Turin, using ERJ-145s. Starting June 3rd, Rzeszow - New York (JFK), using 767s and stops September 9th. Starting June 7th, Rzeszow - Newark, using 767s, and stops September 13th.
June 2007: (LOT) Polish Airlines and Boeing (TBC) will open a training center for pilots (FC) and cabin crew (CA) in Warsaw, the carrier announced. The facility will be equipped with at least four flight simulators and a cabin simulator. No further details were provided, but (LOT) did say it would be "the largest and most state-of-the-art facility of this kind in Eastern and Central Europe." It said the agreement resulted from meetings with representatives of Boeing subsidiary Alteon Training at the Paris Air Show. "The establishment of this center should bring measurable results in the form of reduced costs of training for (LOT)'s pilots (FC) and cabin crew (CA)," according to Piotr Siennicki President of the (LOT) management board. (LOT) said it also has talked with Embraer (EMB) about establishing an Embraer Technical and Logistics Centre for Eastern and Central Europe in Warsaw, that would include a spare parts warehouse.
September 2007: Lufthansa (DLH) Systems (LHS) signed a contract with (LOT) Polish Airlines to implement (LHS)'s Web Check-in solution starting in December.
(ITA) Software announced that its airfare pricing and shopping system (QPX) was implemented by (LOT) Polish Airlines.
October 2007: (LOT) Polish Airlines management board presented a new "7 pillar" strategy for the 2008 to 2012 period. (LOT) plans to standardize its fleet, maintain 2 brands ((LOT) and low-cost subsidiary, Centralwings (CWG)), develop connections in the east (especially in Russia and Ukraine) and increase sales through the Internet by a minimum +40% in the next 5 years. The board also anticipates listing on the Warsaw Stock Exchange no later than 2008 and achieving a net profit of +PLN200 million/+$77.6 million in 2012. "I believe that the program developed by us is the best of all possible operation plans for (LOT). Our most important aim is to achieve satisfactory target profitability, to become a listed company and to attain quickly increasing numbers of passengers and connections," President Piotr Siennicki said. Fleet simplication will be according to zones, with long-haul, short-haul, "local" and "domestic" zones each having a dedicated fleet of 1 type of airplane. (LOT) promised a "significant increase in the quality of customer service" and a "modern sytem of tariffs" while leveraging Poland's increased economic ties to East Asia countries with greater service to Japan, Korea, and Vietnam. It plans to resume service to Beijing in the upcoming winter schedule.
November 2007: 1st 6 months = 3.29 billion (RPK)s (+11.2%) traffic; 38.7 million (FTK)s (+2.7%) freight traffic; 2.02 million passengers (+17.4%).
January 2008: 2007 statistics: 7.41 billion (RPK)s passenger traffic +10.2%; +7.4% capacity (ASK)s; +2 load factor for 76.1% LF. SEE ATTACHED COMPARISON CHART TO SELECTED OPERATORS - "LOT-2007-STATS."
Lufthansa (DLH) is continuing to withhold comment on speculation that it is considering the purchase of a majority stake in (LOT) Polish Airlines, even after Polish Deputy Treasury Minister Zdzislaw Gawlik told the daily "Dziennik" that the German carrier "is interested in a stake in (LOT) under the condition that, 1, the transaction is fully approved by the Treasury, and 2, that the Treasury sells a majority stake." A (DLH) spokesperson said that (DLH) had "no comment" on the Minister's statement. The Ministry has said it would like to sell its entire 68% stake in (LOT). The administrator of bankrupt Swissair (SWS) holds a 25% stake, with (LOT) employees holding 7%.
(LOT) Polish Airlines signed a contract for 12 Embraer E175s plus 2 options and 10 purchase rights, Embraer (EMB) announced. Firm airplanes are worth $372 million and the order could rise to $744 million, if all options and purchase rights are exercised. The airplane will seat 82 passengers. (LOT) will become the largest E-Jet operator in Europe, once the jets are delivered, Embraer said. It was an E-Jet launch customer with the E170 in 2004, and currently operates 10 E170s and 6 E175s. "Our current fleet of E-Jets is performing smoothly and the additional E175s are the right airplanes to achieve our strategy of network development," (LOT) (CEO) Piotr Siennicki said.
March 2008: Star Alliance (SAL) carriers Air Canada (ACN), Air China (BEJ), (ANA), Asiana Airlines (AAR), Austrian Airlines (AUL), (LOT) Polish Airlines, Lufthansa (DLH), (SAS) Scandinavian Airlines, Shanghai Airlines (SAL), Singapore Airlines (SIA), Thai Airways (TII), Turkish Airlines (THY), and United Airlines (UAL) each completed the transfer of their operations to Beijing International's Terminal 3. The move was part of the collocation plan developed as a result of Air China (BEJ) and Shanghai Airlines (SAL) joining the alliance last year. A similar collocation will be completed at Shanghai Pudong on April 29.
July 2008: (LOT) Polish Airlines President & (CEO) Dariusz Nowak said that (LOT) is restructuring ahead of its planned privatization, a process that will be its "biggest challenge." He said 1 move will be to add more charter flights to its low-fare subsidiary Centralwings (CWG), which operates 737 Classics. He said (LOT) is looking to position Centralwings (CWG) as "a kind of mixed charter and maybe Low Cost Carrier (LCC) flights to some selected points." He said the mainline has adopted some of Centralwings (CWG)'s low-cost strategies in order to reduce its own cost base.
August 2008: (LOT) Polish Airlines said that it will need to restructure as quickly as possible to avoid a cash crisis. (LOT) has gone through 5 (CEO)s in the last 5 years under changing Polish governments, hindering its ability to make long-term strategic decisions over the period. "It is a wonder that this company still exists," a carrier executive said. The government controls 68% of (LOT) and wants to float its stake in early 2009. (CEO) Dariusz Nowak has said the restructuring is aimed at returning (LOT) to an operating profit by the end of 2010. A plan is expected to be unveiled officially by the end of this month, and is likely to include cutting costs and unprofitable routes.
(ITA) Software announced that (LOT) Polish Airlines extended application of its (QPX) airfare pricing and shopping system, launching a weekend airfare search capability on (LOT)'s website featuring flexible booking capabilities and advanced travel and cost options.
Singapore Technologies Aerospace subsidiary ST Aerospace Solutions renewed its component supply and reconditioning contract with (LOT) Polish Airlines. The 3-year contract is valued at €8.7 million/$13 million and covers 7 767s under (STA) Solutions' material supply program.
September 2008: (LOT) Polish Airlines low-fare subsidiary, Centralwings (CWG) will cease operating scheduled services next month and become a charter and wet-lease (ACMI) carrier, saying market conditions have "imperil[ed] the company's stability." It begins the transition on September 14 and by September 30, will operate only charter flights save for Warsaw - Lisbon service that will end October 7. Tomasz Szymczak President of Centralwings (CWG)'s management board, said profitability "is the ultimate priority" but promised the change would "not affect" employees and said passengers whose flights are cancelled, will be transferred to (LOT) flights without extra cost or offered refunds. It plans to wet-lease 4 to 5 airplanes to foreign airlines this winter.
October 2008: 767-341ER (24843), returned to lessor.
December 2008: Under pressure from the industry downturn and, potentially, Lufthansa (DLH)'s acquisition of Austrian Airlines (AUL), (LOT) Polish Airlines is seeking help from both the Star Alliance (SAL) and a future industry partner, President & (CEO) Dariusz Nowak said. Speaking on the way to the (SAL) board meeting in Chicago, Nowak said (LOT) is working on selling a 49% stake to a strong industry partner. "We will try to sell it next year, preferring a European airline," he said. He did not reveal a favorite but said (DLH) will be on the list, an irony considering that its merger with Austrian (AUL) may exact a toll on (LOT). "Now there is Munich, Frankfurt, and Vienna in our neighborhood as [gateways] to Eastern Europe. This will have an impact on (LOT), depending on what role Vienna plays with (DLH)," he stated. He said neither (LOT) nor Warsaw Frederic Chopin is as well known to travelers and both face an uphill battle competitively.
While (LOT) restructures and prepares for the stake sale, it is asking for more help from (SAL), especially at Warsaw (WAW). "(WAW) is one of the most expensive airports in Europe in terms of cost. We would like to have, for example, a (SAL) lounge," Nowak said. "And mostly what we want is support from (SAL) to help develop our network to Eastern Europe." He said (LOT)'s biggest strength is its presence in Poland, Europe's ninth-most-populous nation, and its Eastern European network. Time is short. Nowak said (LOT) is not well-positioned for the global recession and faces a lack of flexibility on both costs and capacity. It has reduced capacity -5% since September.
It also is affected by the 787 delay. It is the airplane's European launch customer. "We wait for news from Boeing (TBC). We expect to have the first airplane by the end of 2010," Nowak said. Meanwhile, it is in talks with the manufacturer regarding an extension of leases on the 767s it operates across the Atlantic.
April 2009: Centralwings (CWG), (LOT) Polish Airlines' low-cost subsidiary that launched in summer 2004, ceased operations and will be liquidated, according to an announcement cited in Polish press reports. (CWG) halted scheduled flights last fall and had been operating charter and wet-lease (ACMI) flights for (LOT). The (LOT) mainline will take over the charter contracts but the approximately 400 (CWG) employees are expected to lose their jobs. The airline never was profitable.
(LOT) Polish Airlines is nearing insolvency, Management Board President Sebastian Mikosz was quoted as saying by the "Warsaw Business Journal" and "Rzeczpospolita," which reported that the auditor is unwilling to sign off on the airline's accounts and that its survival is uncertain. It lost -€155 million/-$203.8 million last year and reportedly does not have the cash to pay its bills. Mikosz said layoffs will be necessary and that new investment or acquisition by a competitor are the most likely solutions to the crisis. Former (CEO) Dariusz Nowak said in December that (LOT) was not well-positioned to endure the market downturn and lacked cost flexibility. He mentioned Lufthansa (DLH) as a possible investor, but the German carrier's planned acquisitions of Austrian Airlines (AUL) and Brussels Airlines (DAT)/(EBA) render that unlikely.
June 2009: (LOT) Polish Airlines launched (LOT) Charters, which will operate 6 (LOT) 737-400s and 1 767 on long-haul flights to holiday destinations. (LOT) said the dedicated fleet is expected to carry 400,000 passengers by year end, which "would allow the company to reach a 25% market share and establish a leading position among charter carriers operating on the Polish market."
(ILFC) (ILF) announced a lease deal for 1 used 767-306ER (26263, SP-LPG), to (LOT) Polish Airlines for 2 years, ex-(N261LF).
August 2009: (LOT) Polish Airlines suffered a -PLN178 million/-$60.9 million loss in the 1st 6 months of 2009, which included the closure of its low-cost subsidiary Centralwings (CWG), and will bring in a financial adviser to help sell new shares, "Reuters" reported. "Options include selling a stake to another carrier, a financial investor or even floating the airline on a stock exchange," (CEO), Sebastian Mikosz was quoted as saying. "We're in talks with an investment bank which will advise us on the capital hike," targeted for next year.
E170 (0290, SP-LII), delivery.
September 2009: Embraer announced the delivery of its 600th E-Jet, an E175, to (LOT) Polish Airlines. The 1st E-Jet was delivered in March 2004. (LOT)'s airplane seats 82Y passengers. (LOT) currently flies 10 E170s, 6 E175s and 6 ERJ-145s. (LOT) ordered an additional 12 E175s, +2 options and 10 purchase rights, in January 2008.
2 E170-200 LRs (0283, SP-LIG; 0288, SP-LIH), deliveries.
October 2009: (LOT) Polish Airlines said it will reduce its workforce from 3,500 to 3,100 by March and has secured agreement from its unions to eliminate bonuses, moves that it claimed will save -€2.4 million/-$3.5 million.
The Association of European Airlines (AEA) said Polish air navigation services provider (PANSA) will raise fees next year by +62% for operations to/from Polish airports and by +32% for flights through national airspace "to compensate for the loss in traffic due to the economic crisis."
December 2009: 767-306ER (26263, SP-LPG), wet-leased to Caribbean Airlines (TTA). E175 (0303, SP-LIK), delivery.
January 2010: (LOT) Polish Airlines has agreed with Boeing (TBC) to receiving its 787 Dreamliners in 2012.
The Oxford Aviation Academy (OAA) was chosen by (LOT) Polish Airlines as that carrier's "preferred training provider" for pilot (FC) and cabin crew (CA) training on 767 and 737 Classic airplanes for the next three years. Training will be performed at (OAA)'s Stockholm Arlanda center.
March 2010: Turkish Airlines (THY) was asked by the Polish government to make a major investment in (LOT) Polish Airlines, but (THY) rejected the offer because it is focused on its own expansion plans. (THY) responded to press speculation that it was pursuing the Polish airline, saying, "There is no board of directors' decision taken regarding the acquisition. However, our [company] is open to consider any possible opportunities as part of our growth strategy and [we have] no specific motivation for this matter."
The Polish state currently holds 68% of (LOT), the Towarzystwo Finansowe Silesia investment group has 25.1% and airline employees hold 6.9%. The treasury said in January that several bidders were interested in a potential investment but nothing concrete has materialized. Lufthansa (DLH), likely (LOT)'s preferred partner, has no plans to add to its stable of carriers.
May 2010: (LOT) Polish Airlines finalized an order for 1 additional 787 Dreamliner.
2 E170-200LRs (0306, SP-LIL; 0311, SP-LIM), deliveries.
July 2010: (LOT) Polish Airlines said that it is making every effort to return to profitability. "The situation within the company is very difficult but improving,” President Sebastian Miskosz said in Warsaw.
(LOT) is facing strong competition from Low Cost Carriers (LCC)s not only at its Warsaw hub but also throughout Poland. “(LOT) has to be more aggressive in the market,” said Miskosz. “We have a very different model [compared to (LCC)s]."
He said (LOT)’s strategy is to develop its network with a focus on connecting traffic to Eastern Europe and Asia. In 2009 (LOT) suffered a -€42 million/-$54.6 million loss that was narrowed from a -€180 million deficit in 2008. He said it is “doing everything” it can to break even this year. “This might be a challenge,” he conceded.
(LOT), which is 93% state-owned, has been approached by Turkish Airlines (THY) about a possible takeover. “We are going for more negotiations in September,” said Miskosz. “There is an interest. Everything is possible; we have to be very creative and open.”
(LOT) is planning to launch 3x-weekly, Warsaw - Hanoi service in mid-November. (LOT) said it will operate the route with a 767-300ER that will become available when it slows transatlantic flying for the winter season. It will be (LOT)'s 3rd Asian destination after Beijing and Bangkok.
August 2010: (TAP) Portugal broadened its code share agreement with Star (SAL) Alliance partner, (LOT) Polish Airlines to include 7 new destinations beyond Warsaw operated by (LOT): Gdansk, Krakow, Poznan, Katowice, Rzeszow, Szczecin, and Wroclaw. (TAP) operates a 5x-weekly service between Lisbon and Warsaw.
(LOT) Polish Airlines is to axe transatlantic services from Krakow.
(LOT) confirmed it will launch Warsaw – Hanoi flights on November 13. The 3x-weekly service will be operated with a 767-300ER featuring (LOT)'s new "Economy Class (Y) Cabin," (CEO) Sebastian Mikosz said.
(LOT) announced that Warsaw Frederic Chopin Airport will be closed September 4, 5, 11 and 18 for runway work. (LOT) said selected short-haul flights could be operated by ATR 42/ATR 72 turboprops. Long-haul flights to Chicago, New York and Toronto, operated by 767-300ERs, will be diverted to Gdansk, Rzeszow, and Katowice, as well as to Krakow. European flights operated by Embraer E-Jets and 737 Classics will be diverted to several airports throughout the country.
(LOT) President, Sebastian Mikosz said that 787 delivery delays are “very painful for a small airline like (LOT)." He said the 1st of 8 787s (LOT) has on order is now slated to arrive in November 2011, 3 years behind the original delivery schedule. He confirmed that 3 787s will be delivered in 2011 and 2 in 2012.
In other fleet news, (LOT) will invest in cabin upgrades on its 6 767-300ERs, which he said will be operational until at least 2015. (LOT) plans to phase out its 737-400s by 2014 and is considering replacing some of its 10 737 Classics with E195s, he noted.
(LOT) expects to make a decision soon on a replacement for some of the 13 ATR 42/ATR 72s operated by its EuroLot subsidiary. “1st we [will] look for a [direct] ATR 72 replacement. For example, the Dash 8-Q400, which can fly faster and has more range. But this order also depends on our future network,” a (LOT) spokesperson confirmed. The 1st new turboprop delivery could arrive as early as next May.
September 2010: (LOT) Polish Airlines will launch 3x-weekly, Warsaw – Cairo services on November 3 aboard a 737-400.
October 2010: (LOT) Polish Airlines (CEO) Sebastion Mikosz resigned from his position, the "Polish News Agency" reported. Mikosz, who has held this position since May 15, 2009, said recently he has worked toward making (LOT) attractive for privatization. The Polish government plans to privatize (LOT) next year.
New Lufthansa (DLH) (CEO) Christoph Franz was quoted by the "Sueddeutsche Zeitung" saying, “This [(LOT) ownership] is a change which we cannot ignore.” (DLH) has been named as a possible investor for (LOT).
March 2011: (LOT) Polish Airlines will launch 3x-weekly, Embraer E170/E175 Warsaw - Donetsk service on June 3.
(LOT) Polish Airlines will receive its 1st 787 in 13 months, (CEO), Marcin Pirog told the Polish Press Agency "(PAP)." The 1st 787 will arrive in Poland in April 2012, the next 4 between August and November. (LOT) has 8 on order.
April 2011: (LOT) Polish Airlines and Continental Airlines (CAL) launched a code share agreement April 2 under which (CAL) will place its code on (LOT) Warsaw (WAW) service to Newark (EWR), London Heathrow, Frankfurt, and Amsterdam. Subject to government approval, (CAL) will also place its code on (WAW) – Paris Charles de Gaulle. (LOT) will place its code on (CAL) flights between (EWR) and Boston, Los Angeles, Miami, Orlando, San Francisco, and Washington Dulles.
(LOT) took delivery of its 1st 112-seat, Embraer E195. (LOT) currently operates 10 E170s, 14 E175s and 5 ERJ-145s and plans to add 3 more E195s in 2011 and 2012.
August 2011: (LOT) Polish Airlines said its 1st-half results have improved by +PLN32 million/+$11.3 million compared to the same 2010 period, although it still recorded a loss. (LOT) recorded a loss of -PLN 119.6 million compared to a loss of -PLN151.5 million for the 1st half of 2010.
The 1st-half results “provide reasons for being optimistic and are better than forecast,” (CEO) Marcin Pirog said. “Such results mean a great deal in the context of an increase in the prices of fuel, which at the beginning of this year already cost us approximately additional PLN100 million. Our market share has also become greater,” he said.
(LOT) transported a total of 2.2 billion passengers, +8% more than in the same period of 2010.
(LOT) expects to receive its 1st 787 in the 2nd quarter of 2012, plus 3 more by the end of next year.
(LOT) Polish Airlines appointed Frank Joost as Regional Sales Director for the USA, Canada, and Latin America.
October 2011: (LOT) Polish Airlines is expecting another delivery delay of its 1st 787 Dreamliner, Polish Press Agency "(PAP)" reported. The 1st delivery, most recently re-scheduled for spring 2012, has been pushed back to 2013, >5 years behind the original schedule, "(PAP)" reported. 3 more 787s were expected to be delivered by the end of next year.
(LOT) placed its 1st order for 7 787s in 2005, and increased the order to 8 in 2007. Deliveries were originally slated to begin in 2008.
Boeing (TBC) suffered a major setback when China Eastern Airlines (CEA) revealed it was canceling its order for 24 787s and instead ordering 15 Airbus A330s. (CEA) has placed a new order for 45 737s, but analysts are saying that other Chinese airlines might now also cancel their 787 Dreamliners.
Despite the 787 delivery delay, (LOT) plans to launch Warsaw - Beijing (PEK) services next year. (PEK) will be its second route to the Far East, in addition to Hanoi.
"(PAP)" reported that (LOT) posted a loss of -PLN52 million/-$18.4 million on its core business operations in the 1st 3 quarters of 2011, up by +PLN44 million compared to the same period last year, (CEO) Marcin Pirog told "(PAP)."
"Proceeds from our core business operations rose by +6% over the 9 months in 2011, while costs rose by +4% (year-on-year), despite fuel prices rising by as much as +27%," Pirog said. "The financial result on the core operations for the three quarters means that a loss declined from -PLN96 million in 2010 to -PLN52 million this year," he said.
(LOT) posted net profits of +PLN 5.4 million from January to September 2011.
November 2011: INCDT: A (LOT) Polish Airlines 767 originating from Newark made an emergency landing Tuesday November 1st at Warsaw Chopin Airport (WAW) following a central hydraulic system failure. None of the 220 passengers and 11 crew on board were injured. According to multiple news outlets, the 767’s landing gear failed to open.
"After noticing a central hydraulic system failure, the standard procedure for emergency landings at Warsaw airport were implemented," (LOT) said. "All airport authorities and emergency services were alerted and in place to assist the airplane during the landing."
(WAW) normally services about 400 flights and 25,000 passengers daily.
SEE ATTACHED PHOTO - - "LOT-2011-11 - INCDT 767."
(LOT) Polish Airlines’ 1st 787 delivery has again been postponed, according to (LOT) (CEO) Marcin Pirog. "We have recently received new delivery dates. The 1st 787 will arrive in the 4th quarter of 2012 instead of April 2012,” Pirog told the Polish "News Agency (PAP)." “The next 2 airplanes are to reach Poland within 2 months after the delivery of the 1st one,” "(PAP)" reported.
(LOT) placed its 1st order for 7 787s in 2005, and increased the order to 8 in 2007. Deliveries were originally slated to begin in 2008.
(LOT) will be the 1st European airline to introduce the 787 Dreamliner, which will replace its 767s as (LOT) looks to launch service to Tokyo Narita and Beijing next year. "The exchange of our fleet will be rather quick, we should completely come out of 767s during the 1st half of 2013," Pirog said.
Separately, (LOT) said it is checking the hydraulic systems of its 14-year-old 767-300ERs after its recent emergency landing suffering from a central hydraulic system failure at Warsaw Chopin Airport. “The fleet will be screened in the coming 10 days,” he said.
(LOT) has wet-leased an additional long-haul 767-300ER airplane from the Ukrainian carrier, AeroSvit (UKA), until January 15. The 767 will fly (LOT)’s routes to Toronto and Hanoi. The 1st flight from Warsaw to Toronto, launched November 13. The 767 is configured with 23C business and 182Y economy-class seats.
January 2012: (LOT) Polish Airlines is planning to launch Warsaw - Beijing services in 2012 but has given up its route to Damascus and has temporarily suspended its Warsaw - Beirut services until June 16.
(LOT) plans to retire its remaining 7 737-400s and 2 737-500s and to replace the airplanes by additional Embraer E-jets. It currently operates 10 E170s, 12 E175s and 3 E195s. It has wet-leased a 767-300ER from Aerosvit Airlines (UKA) to temporarily replace its 767-300ER that has been severely damaged in a landing incident in Warsaw in November and a Saab 340A from Sprint Air for the Warsaw - Bydgoszcz route.
SEE ATTACHED - - "LOT-2012-01 - NEW CABIN CREW UNIFORM."
February 2012: (LOT) Polish Airlines has posted a loss of -PLN145.5 million/-$44.7 million for 2011, narrowed from a -PLN163.1 million loss in 2010. (LOT) said the 2011 loss was mainly due to high fuel prices, lower 4th-quarter passenger traffic and a rapid increase in the dollar exchange rate at the end of the year. (LOT) forecasted a PLN52.5 million profit for 2012.
"Excluding the effects of fuel price rises and exchange rate fluctuations (LOT) improved its financial result by +PLN752 million over the past years," (CEO) Marcin Pirog said. (LOT) carried 4.6 million scheduled passengers last year, up +9% compared to 2010. Load factors were similar to those in 2010, an average of 74% LF and exceeded 81% LF in the high summer season.
For 2012, (LOT) said it plans to increase the number of passengers carried by a further +9%, as well as earn a profit of +PLN52.5 million on core activities, “which permits the company a more stable functioning and assumes the possibility, in the nearest future, of self-financing operations and fleet development.”
(LOT) will relaunch 3x-weekly service to Beijing May 29.
“I would like to confirm that the 787 [will] fly in this year. The 1st 2 787s are likely to arrive in November, the 3rd in December. The next 2 [will arrive] at the turn of January - February 2013,” Pirog told the Polish Press Agency. He said the 787s are needed for growth. (LOT) has announced plans to 1st use its 787-8s on order for the Warsaw Fryderyk Chopin airport (WAW) - Chicago O'Hare International airport (ORD) route from January 2013.
The company is 68% owned by the state.
(LOT) Polish Airlines subsidiary, EuroLOT announced it will purchase 8 Bombardier Dash 8-Q400NG airplanes this year. It will take delivery of 3 airplanes in April, 1 in May, 3 in July and the last one in August, (CEO) Mariusz Dabrowski announced.
Polish Press Agency "(PAP)" reported EuroLot also has the option to purchase another 12 airplanes of this type.
"Negotiations for the Dash 8-Q400NG purchase were long and difficult. Selecting the type of airplane was consulted in conjunction with our largest customer and business partner, (LOT) Polish Airlines,” Dabrowski told (PAP). He said the order will be finalized in the coming days.
Asked about the future of its current ATR fleet, he said that "it is said that next year the ATR [will] disappear from EuroLOT."
Dabrowski did not disclose the purchase price of the airplanes but said they will be leased.
Warsaw-based EuroLOT is 62% state-owned; LOT holds a 38% stake. It operates 14 ATR 42-500/ATR 72-202s and 3 Embraer E175s.
April 2012: (LOT) Polish Airlines launched 2x-weekly, Chicago - Katowice 767-200F service. (LOT) will operate the 787 Dreamliner on its Chicago O’Hare - Warsaw route from January 2013.
JetBlue Airways (JBL) and (LOT) Polish Airlines have launched a new interline partnership. Customers will be able to seamlessly book connections through (JBL) at New York (JFK) and (LOT) at Warsaw Chopin airport.
Goodrich (BFG) signed a 5-year nacelle services agreement with (LOT) Polish Airlines to support (LOT)’s nacelles and thrust reversers for its fleet of (CF34-10E)-powered E195 airplanes.
May 2012: Cargojet Airways (CJT), Canada operates 767-200F charter services on behalf of (LOT) Polish Airlines linking Hamilton John C Munro International airport (YHM) with Katowice Pyrzowice (KTW) and Warsaw Fryderyk Chopin (WAW) airports.
Turkish Airlines (THY), which has been in negotiations with (LOT) Polish Airlines about buying a stake in (LOT), is close to finalizing a decision. “Within one month from now, (THY) will decide if the investment in (LOT) will happen or not,” a (THY) spokesperson in Istanbul confirmed.
(CEO) Temel Kotil said previously that (THY), which is based out of Istanbul Ataturk (IST), is looking to expand beyond one hub. “It has been proven that a multi-hub system can work (for (THY)),” he said, adding that if (THY) decides to invest in (LOT), then (IST) and Warsaw could operate as a dual hub system. (THY) would also restructure (LOT). “Everything (LOT) needs from us, we can help,” Kotil added.
Monarch (MON) Aircraft Engineering was selected by (LOT) as its primary provider of airframe maintenance services for its 787 fleet. (LOT)'s 1st of 8 787s is slated for delivery in November.
eurolot launches services from Poland’s Krakow and Wroclaw to Lvov in the Ukraine. eurolot now flies from Gdansk Lech Walesa Airport to Aarhus in Denmark.
June 2012: (LOT) Polish Airlines launched 3x-weekly, Warsaw - Beijing service, under a code share agreement with Air China (BEJ). Flights will be operated by 767-300 airplanes until November, at which time (LOT) will begin taking deliveries of 787 airplanes, replacing the 767s.
(LOT) will transfer all Newark service to New York (JFK) beginning October 29.
(LOT) (CEO) Marcin Piróg was appointed to (IATA)’s board of governors at the (IATA)’s Annual General Meeting and summit in Beijing.
July 2012: (LOT) Polish Airlines has signed a long-term component support agreement with AirFrance Industries (AFI)/(KLM) (E&M) for its fleet of 787s, which will ultimately comprise 8 787s. (LOT) is scheduled to deploy the 787 in January 2013.
August 2012: (LOT) Polish Airlines will launch 5x-weekly, Warsaw - Hannover service on October 1.
eurolot relaunched a Polish domestic route as a consequence of the demise of (OLT) Express at the end of last month. eurolot, the state-owned regional carrier again flies between Krakow (KRK) in the south and Poznan (POZ) in the west of the country, a route that it previously operated between November 2011 and June this year, when the route was suspended due to competition from (OLT) Express. With the competitor now out of the market, Eurolot again operates the domestic route 11 times weekly with 64Y-seat ATR 72 airplanes.
September 2012: (LOT) Polish Airlines will launch 5x-weekly, Warsaw - Stuttgart service on November 5.
(LOT) has announced its 1st long-haul destinations that will be served by 787-8s that (LOT) will start to take delivery of towards the end of 2012. It will operate from Warsaw Fryderyk Chopin (WAW) to Chicago O'Hare International (ORD) airport from January 16, followed by Toronto Lester B Pearson International (YYZ), New York John F Kennedy International (JFK) and Beijing Capital (PEK) routes being converted from 767-300ER to 787-8s routes. (LOT) has 8 787-8s on order that will be delivered until 2015 and replace its 4 own 767-300ERs and a 5th airplane currently operated on its behalf by Aerosvit Airlines (UKA) on the route from Warsaw to Toronto.
Eurolot has converted options on 6 Dash 8-Q400 NextGen airliners to a firm order that will increase its fleet to 14 Dash 8-Q400 NextGen aircraft. Based on the list price of the Dash 8-Q400 NextGen airliner, the transaction is valued at approximately $190 million US. The deliveries are scheduled from April to June 2013. Eurolot has already taken delivery between May and September this year of 7 of the 8 Dash 8-400s it had originally ordered.
Eurolot’s firm order for 8 Dash 8-Q400 NextGen airliners with 12 options was announced on March 9, 2012, and delivery of the 1st airplane was announced on May 17, 2012.
(LOT) confirmed its 1st 787 will join the fleet in mid-November. The 787 will enter schedule services on the Warsaw (WAW) - Chicago O´Hare route from January 16, 2013. Additional 787 services will launch from (WAW) to Toronto on February 1, to New York (JFK) on February 3, and to Beijing on March 3.
(LOT) in 2005 placed its 1st order for 7 787s, which increased to 8 in 2007. Deliveries were originally slated to begin in 2008.
(CEO) Marcin Piróg said earlier this year the 787 will gradually replace (LOT)’s 767s.
October 2012: (LOT) Polish Airlines resumed scheduled services on the route from its hub in Warsaw (WAW) to Hannover (HAJ) in Germany’s Lower Saxony region on 1 October. 6x-weekly flights are now offered by (LOT) from Poland’s capital to the German city that boasts the world’s largest industrial fair and is home to companies such as Volkswagen and TUI. All flights will be operated using E190s. Marcin Piróg, (LOT)'s (CEO), said: “Hannover is the 6th city we serve in Germany, our key European country market in terms of both direct traffic and eastward transit to Eastern Europe and Asia.” Notably, the new service allows for transfer on to (LOT)’s Beijing service, which was launched earlier this year, making it the fastest available option to travel between Hannover and the Chinese capital. Marcus Eibach Head of Marketing at "Deutsche Messe," which operates the Hannover Fair, stressed: “Poland is our partner for next year’s CeBIT, the world’s largest Information Technology (IT) expo. The new service provides an even easier access to Hannover to Polish (IT) companies and we expect increased interest from both exhibitors and visitors.” (LOT) previously operated the route, most recently in 2008.
November 2012: The sale of (LOT) Polish Airlines could take as long as late 2014, Poland Deputy Treasury Minister, Rafal Baniak told the Polish Press Agency (PAP). Baniak said the “(LOT) privatization process has not been suspended, but looking at the situation in the airline market, it is hard to expect that a new industry investor could be found.” He noted most European carriers could post losses this year.
He did not rule out the possibility of selling (LOT) to an investor from outside Europe. “We maintain relations with entities that could be interested in purchasing (LOT) in the future, although today no one is expressing such interest,” he was quoted by (PAP).
(LOT) has been looking for potential investors for some time. Turkish Airlines (THY) decided not to buy a stake in (LOT), because, it would not bring the medium- to long-term growth initially envisioned or give it an improved and sustainable competitive advantage. (CEO) Temel Kotil said that (THY) has no interest in investing in another airline. “We are very busy with our expansion,” Kotil said.
(LOT) operates under restrictive (EU) regulations, which could pose a problem for potential investors from outside Europe.
In the 1st half, (LOT) carried >2.3 million passengers, up +13% compared to year-ago period.
(LOT) posted a loss of -PLN145.5 million/-$45.7 million in 2011 and forecasts a profit of +PLN52.5 million for this year.
(LOT) Polish Airlines resumed services on the route from its Warsaw (WAW) base to Stuttgart (STR) in neighboring Germany on 5 November, following the relaunch of services to another German destination, Hannover, in early October. (LOT) as a Star (SAL) Alliance carrier previously served the route between June 2007 and October 2008, as did germanwings (RFG) (November 2004 – March 2010) and Lufthansa (DLH) (July 2008 – 2009). The revived route is now offered with 5x-weekly frequencies using E170s.
The Export-Import Bank of the United States (Ex-Im Bank) authorized a guarantee of an approximately $500 million loan to Polskie Linie Lotnicze LOT S A ((LOT) Airlines) for the export of a fleet of 787s to Poland. Apple Bank for Savings of New York provided the loan.
1st 787-85D Dreamliner (35938, SP-LRA) delivery - - SEE ATTACHED PHOTO - - "LOT-2012-11 - 1ST 787." The airplane will enter schedule services on the Warsaw (WAW) - Chicago O´Hare route from January 16, 2013. (LOT) will also use the 787 to operate routes from (WAW) to New York, Toronto and Beijing.
SEE ATTACHED - - "LOT-2012-11-UPDATE -A/B/C/D/E/F/G/H."
December 2012: (LOT) Polish Airlines has dismissed (CEO) Marcin Pirog amid reports it will receive PLN400 million/$127.3 million in financial help from the government. Polish media is reporting (LOT) would receive the 1st installment, if it agrees to a sharp reduction in costs and to lay off hundreds of workers.
Board member Zbigniew Mazur will serve as acting (CEO).
(LOT) cited Piróg’s poor evaluation of his work and (LOT)’s external and internal performance as its reason behind the dismissal. “(LOT) needs to restructure. For the short-term outlook, (LOT) will operate. But in the long-term, massive changes are necessary,” (CCO) Michal Jaszczyk said.
(LOT) has been looking for a potential investor for many years. Turkish Airlines (THY) and Lufthansa (DLH) decided not to invest in (LOT), which posted a -PLN145.5 million loss in 2011 and forecast a profit of +PLN52.5 million for this year.
The 93% state-owned (LOT) has lost -PLN2.8 billion in the last 12 years and has had 10 (CEO)s in the same amount of time.
In response to this announcement about replacing Piróg, (LOT) said the company’s restructuring plan (which is to be implemented “without delay”) will return (LOT) to profitability. (LOT) also said it would replace its spokesperson and Public Relations Director, effective immediately. Replacements for these two positions will be announced very soon.
(LOT) is phasing out its 737 classic and 767 airplanes, (LOT) Sales Director Tomasz Dakowski said. Dakowski said that by the end of the year, its last 3 737-400s will be phased out. (LOT)’s final 767 flight will be completed March 3. 1 767 has already undergone redelivery checks and will be transferred back to the lessor. “After phasing out the 737s and 767s, our [average] fleet age will be 3.9 years,” Dakowski said.
(LOT) took delivery of its 1st of 8 787s last month. The 3nd airplane should be delivered by the end of the month or early January. “By summer, we plan to operate 5 787s,” he said, adding that by 2015, (LOT) plans to operate 8 787 Dreamliners. 20 pilots (FC) have been trained on the 787, with +80 more to follow.
Dakowski said (LOT) hopes to use the 787 to better position itself in the European market. Next year, (LOT) will operate an increased 787 summer schedule on North Atlantic routes. It will increase frequencies to Beijing from 3x- to 5x-weekly flights.
(LOT) also operates 10 Embraer E170s, 12 E175s and 5 E190s. “We expect delivery of 3 more E195s,” a spokesperson said, adding that its 787 deliveries were originally slated for 2008.
(LOT) launched its 1st 787 service from Warsaw to Prague. The 787 Dreamliner will fly to Prague on selected dates from mid-December to mid-January. According to (LOT), its 1st transatlantic flight will launch January 16 to Chicago. It will fly to Toronto February 1. On February 3, (LOT) will launch 787 service to New York; on March 3, the 787 will fly to Beijing.
January 2013: The Polish government plans to reduce the size of its flag carrier, (LOT) Polish Airlines, by nearly a half, as it seeks to make the company profitable again, a cabinet minister said, only days after (LOT) received a $127 million emergency loan from the state and shed more assets to stay afloat.
(LOT) said in December it needed state aid because Europe’s economic woes had dented its passenger numbers in the 2nd half of the year. Instead of profits, (LOT) said it would generate heavy losses for 2012.
Poland gave its national airline the cash on December 21, allowing the company to keep operating. The European Commission (EC) may yet rule that the loan is a form of illegal state aid that distorts competition, which would force (LOT) to return the funds and likely file for bankruptcy.
The government, which holds 93% of (LOT)’s shares, said it would save the company with a plan to restructure and eventually privatize it, although Prime Minister Donald Tusk said it wouldn’t try to save the firm at any price. (LOT)’s (CEO) Marcin Pirog was ousted soon after (LOT) made its request for public aid.
As part of the restructuring, (LOT) will return nearly half of its fleet to leasing companies and focus only on the most profitable routes and cost-effective airplanes, while another airline, also controlled by the government, will take over (LOT)’s domestic and some European flights, Treasury Minister Mikolaj Budzanowski told Parliament.
“At least 30% or much more of headcount will be restructured, which is already taking place in the 1st quarter,” he said. “In addition, there will be a fleet restructuring, with the focus on the most effective planes – some 25 of about 40 airplanes (LOT) has. The rest that are generating losses will be returned. Leasing agreements were signed years ago and it’s not profitable to be using those planes anymore.”
In December, (LOT) became the 1st European airline to operate 787 Dreamliner planes. Using this airplane, it will service long-haul flights to Asia, mainly China and Japan, and to the USA, the Treasury Minister said. Eurolot, in which the government holds 62% of shares and (LOT) holds 38%, is to service domestic and European flights.
To stay afloat, (LOT) has been shedding assets, selling its office and hotel buildings and shares in listed companies that it received years ago from the government. It’s in the final stages of talks on selling its stake in Eurolot to a state-controlled agency.
Last month, it sold shares in Petrolot, a jet-fuel operator in Polish airports, to oil firm (PKN) Orlen, also controlled by the government, as well as (LOT) Catering to ((DO) & (CO)), an Austrian catering operator.
Part of the Deutsche Lufthansa (DLH)-led Star (SAL) Alliance, (LOT) is 1 of many of Europe’s smaller airlines that face competitive pressure in the European Union (EU)’s deregulated market. Hungary’s Malev (HGA) and others went bankrupt last year, while a number of other airlines slashed jobs.
(LOT)’s loss last year is now expected to have reached -200 million zlotys/-$63.7 million), half the amount of the loan the company received in December. Mr Budzanowski, the Treasury Minister said that until August 2012 it had appeared the company would generate a profit, but in the third quarter it saw “an abrupt reduction, by -20%, of the number of passengers using air transport.”
The company lost about -145 million zlotys in 2011 and -163 million zlotys in 2010. The government last year made a new, unsuccessful attempt to sell the airline.
(LOT)’s passenger numbers fell -20% in the 2012 4th quarter, leaving (LOT) with a year-end deficit of -PLN200 million/-$64.9 million). (LOT) lost about -PLN145 million in 2011 and -PLN163 million in 2010.
(LOT) Sales Director Tomasz Dakowski said last month (LOT) will phase out its last 3 737-400s and 767 airplanes. (LOT)’s final 767 flight will launch March 3.
February 2013: (LOT) Polish Airlines has reappointed Sebastian Mikosz as (CEO), who had resigned from the position in September 2010. (LOT) has been challenged with ongoing management changes. Mikosz is (LOT)’s 13th (CEO). (LOT) dismissed (CEO) Marcin Pirog in December 2012.
Mikosz said he is “ready to take on this challenge and to fully devote myself to a new phase of the restructuring process of (LOT).”
In his 1st term, Mikosz dealt with the delayed deliveries of the 787. (LOT), which is the 1st European 787 customer, has taken delivery of the 1st of 2 of the type. (LOT) has been affected by the (FAA)’s grounding of the airplane due to issues with the lithium ion battery. Its 2 787s remain grounded in Chicago O’Hare and Warsaw. (LOT) is evaluating compensation from Boeing (TBC).
Last month, (LOT) received a $127 million emergency government loan in a bid to continue operations. The Polish government, 93% majority owner, said it would reduce the size of (LOT), hoping to make the company profitable again. (LOT) announced it would cut staff -30% and reduce its fleet from 40 to 25 airplanes.
“In the nearest future I intend to familiarize [myself] with the ongoing restructuring process within the company; therefore, I need a few days. I strongly believe that soon I will be able to present the new direction of changes in our company publicly,” Mikosz said.
(LOT) Polish Airlines is facing massive layoffs and deep restructuring measures as it struggles to survive, according to Poland President Donald Tusk. He has been quoted in several Polish media outlets as saying, “Either there is a change [within the airline] or (LOT) will not survive.”
Additionally, Mikosz told journalists that (LOT)’s 2 787s will be removed from the summer schedule through October. Its 2 787s are among all 787 Dreamliners affected by the current grounding.
Last month, (LOT) received a $127 million emergency government loan in a bid to continue operations. The Polish government, which is a 93% majority owner, said it would reduce the size of the flag carrier, hoping to make the company profitable again. (LOT) announced it would cut staff -30% and cut its fleet from 40 to 25 airplanes. “The near future will be a particularly difficult stage in the history of (LOT),” the airline’s recently reappointed (CEO) Sebastian Mikosz said. “Both the management board and the employees face a major challenge, but I am convinced that with some sacrifices we will make it together,” Mikosz added.
(LOT) plans to increase the number of flights on profitable routes and eliminate loss-making ones. The adjustments will be introduced in the summer flight schedule, effective March 31.
(LOT) will increase frequencies on its long-haul network from Warsaw to Chicago O’Hare and New York (JFK) to 11x-weekly. (LOT) will maintain its 3x-weekly Warsaw - Beijing services.
March 2013: EuroLOT will launch German domestic services this summer. The carrier will operate former Air Berlin (BER) routes, including one weekly, Cologne - Usedom/Heringsdorf service and a weekly, ATR 42 Dortmund - Usedom/Heringsdorf service.
Additionally, EuroLOT will take over all domestic flights within Poland from (LOT) Polish Airlines.
The European Regions Airline Association (ERA) said recently that more airlines from Eastern Europe are expected to operate in Core Europe. The (ERA) is looking to expand to new regions, including Eastern Europe and Central Asia.
EuroLOT operates 9 ATR 72s, 4 ATR 42s and 8 Bombardier Dash 8-Q400s.
(LOT), the 1st European airline to receive 787 Dreamliners, is leasing an A330 to operate transatlantic flights as the 787 remains barred from commercial service. The A330 is being leased from Portugal’s HiFly (LXA) and will fly for (LOT) from April 12 to the end of May, by which time (lot) hopes 787s will return to service. If 787 Dreamliner operations remain suspended, the lease can be extended.
(LOT) has taken delivery of 2 of 8 787s with 1 stranded in Chicago after its inaugural transatlantic flight and the other parked in Warsaw. The disruption is costing (LOT), which is surviving on state aid, around $50,000 per day, Tomasz Balcerzak Chief of Operations, has said.
The A330 will be used on flights from Warsaw to New York and Chicago, (LOT) said. The A330, which will be operated partly by (LOT) crew, can accommodate 18C passengers in business class and 288Y in economy.
(LOT) said it will seek compensation from Boeing (TBC) for costs associated with the 787 delay. Those negotiations will resume once the USA Federal Aviation Administration (FAA) has decided when the jet can return to service.
The (FAA) grounded the global 787 fleet after incidents involving the airplane’s lithium-ion battery produced by Tokyo- based (GS) Yuasa Corporation. Boeing conducted a flight test to validate a proposed battery fix on March 25 and (CEO) Jim McNerney said in Washington DC that commercial operations would resume soon.
Boeing (TBC) used a 3rd (LOT) 787, which has yet to be handed over to (LOT) for the latest test flights.
April 2013: Poland’s government has passed a regulation that paves the way for the privatization of (LOT) Polish Airlines. “The government has adopted regulation that will allow the sale of all the shares held by the treasury in the company (LOT) for a strategic investor,” Polish Prime Minister Donald Tusk said.
Poland owns 93% of (LOT), but the rule change will allow private investment in the state-owned carrier. Tusk said the new statutes would strengthen the state’s negotiations with potential buyers, removing a regulatory hurdle to the deal.
In January, (LOT) confirmed plans to cut staff numbers -30% and reduce its fleet from 40 to 25 airplanes, after receiving a $127 million emergency government bailout in late 2012. (LOT) recently re-appointed Sebastian Mikosz as (CEO).
Turkish Airlines (THY) had previously been tipped as a potential buyer for (LOT).
(LOT) plans to resume 787 operations June 5, initially deploying the type on its Warsaw - Chicago service. “Starting from June 5, the 787 Dreamliners will fly to Chicago and, a little later, to New York, Toronto and Beijing.” Tickets for flights operated by the 787 on the Warsaw - Chicago service have been returned to sale, along with “chosen flights” to New York, Toronto and Beijing.
(LOT), which was the 1st European airline to take delivery of the 787, has had 1 787 stranded in Chicago and another in Warsaw since January 16 when the (FAA) grounded all 787 airplanes due to lithium-ion battery issues.
(LOT) is expecting delivery of its 3rd 787, which has been used by Boeing for test flights, in June or July.
(LOT) is to take 777-212ER (28513, CS-TFM) on wet lease from EuroAtlantic (MAE), while it awaits the return to service of its 787s.
May 2013: The European Commission (EC) has given (LOT) Polish Airlines tentative approval for its PLN400 million/$123.5 million rescue bailout.
eurolot, which already serves the German summer resort of Heringsdorf (HDF) with weekly flights from Warsaw, further increased presence at the German airport this month. Beginning on May 4, eurolot offers seasonal services from Cologne Bonn (CGN) and Dortmund (DTM), both of which are offered on a weekly basis in replacement of airberlin (BER)’s seasonal service. Turboprop Dash 8-Q400s are deployed to serve the 2 domestic markets.
HiFly (LXA) mechanics (MT) conducted an "A" maintenance check at (LOT) Aircraft Maintenance Services on an (LXA) A330 that was wet leased to (LOT) to fill in for their 787 airplane. (LOT) Aircraft Maintenance Services has been appointed as a recognized supplier of aircraft maintenance at Warsaw Chopin Airport.
3rd 787 delivery. (LOT)’s 787s will re-enter service on June 5. Initially, the fleet will resume operations on Warsaw - Chicago, followed by New York, Toronto, and Beijing.
(LOT) has 8 787s on order and it plans to have 5 of these in service by August 2013.
June 2013: After a 4-and-a-half-month hiatus, (LOT) Polish Airlines has re-launched 787 operations 4 days ahead of schedule. (LOT) was due to return its 787s to service June 5 with an initial departure for Chicago; however, (LOT) said “we have managed to speed it up.”
The initial flight departed Warsaw for New York at 1318 on June 1. The 787, carrying the tail number (SP-LRC), had 205 passengers on board.
(LOT), which was the 1st European airline to take delivery of the 787, had 1 787 stranded in Chicago and another in Warsaw since January 16 when the (FAA) grounded the airplane due to lithium ion battery issues. (LOT) has taken delivery of 3 787s and is expecting its next delivery at the end of June. (LOT) was the European launch customer for the 787.
4th 787-8 (35941, SP-LRD) delivery.
August 2013: Saturday August 10 2013 was a momentous day for (LOT) Polish Airlines. For the 1st time, all of its long-haul destinations (Beijing, Chicago, New York, and Toronto) were served only by its fleet of five 787 Dreamliners. These are (LOT)’s four biggest routes from its home base at Warsaw Chopin Airport, with the transatlantic destinations alone accounting for just over half of all (LOT)’s Available Seat Kilometers (ASK)s from the airport. Given the 787’s superior operating economics compared with the 767s that it replaces, (LOT) hopes that this might signal the start of a major improvement in its financial performance. It lost over -$120 million in its last financial year, and it is also hoping for compensation from Boeing (TBC) regarding the grounding of the 787s earlier this year.
Formed in 1996, eurolot (which has its own code of K2), operates flights both under its own name (via its own website) and also on some regional and domestic services on behalf of (LOT). Between them the 2 airlines operate a fleet of >60 airplanes, which is notable for not including any Airbus (EDS) airplanes and just a handful of Boeing airplanes. Its short and medium-haul fleet comprise a mix of ATRs, Bombardier Dash 8-Q400s, and >30 Embraer E-jets, and just 4 pretty old 737-400s. Analysis of schedule data over the last couple of years shows that routes are occasionally passed between the 2 carriers.
eurolot has been keen to test regional domestic routes in Poland, and operates 3 from Gdansk; to Krakow, Wroclaw, and most recently to Lublin. In a bold move to try something different, the carrier began low-frequency seasonal domestic flights in Germany in May, linking Cologne/Bonn and Dortmund, with Heringsdorf, on the island of Usedom in northern Germany.
In fact, given the financial issues surrounding the airline, its route network has remained surprisingly stable in the last 12 months. USA flights to Newark ceased at the end of last October, while (LOT)’s 3x-weekly service to Donetsk in Ukraine stopped being served at the end of March this year. The highest profile route casualty so far has been the 2x-daily service to Berlin Tegel, which ended on July 31. airberlin (BER) had started competing on the relatively short 525 km route at the end of March, with up to 3 daily flights using Dash 8-Q400s.
The German market clearly remains challenging for (LOT), as it resumed services to Stuttgart last November (which are still operating), but also re-introduced flights to Hannover last October, which only lasted until early February.
After moving its Warsaw operations from Chopin to Warsaw Modlin airport last summer, Wizz Air (WZZ) has decided to return permanently to Warsaw Chopin, after a number of operational issues at the end of last year led to a temporary closure of the new, lower-cost airport. Direct competition from Ryanair (RYR) at Warsaw Modlin may also have been a factor. (RYR) is also still operating from Chopin, but is considering a move back to Modlin from the end of October.
In the last 18 months, apart from the (RYR) services, and the short-lived (OLT) Express, several other carriers have added Warsaw routes to their networks. These include Aegean Airlines (CRM) to Athens, airberlin (BER) to Berlin, Air One (ADH) to Milan Malpensa and Venice, Emirates (EAD) to Dubai, Qatar Airways (QTA) to Doha, Ukraine International Airlines (UKR) to Kiev, and (WOW) air to Reykjavik.
Excluding the airline’s long-haul and domestic destinations from Warsaw, (LOT) faces direct competition on 14 of its top 20 international routes (as measured by weekly seats), with only Brussels, Bucharest, Hamburg, Madrid, Milan Malpensa (Air One (ADH) services ended in early February), and Vilnius having the luxury of no competing airlines.
On most of these routes ‘competition’ comes from legacy carriers, although given that (LOT) is a member of the Star (SAL) Alliance, how much genuine competition there is on routes to Copenhagen (SAS), Frankfurt (Lufthansa (DLH)), Munich (Lufthansa (DLH)), Vienna (Austrian Airlines (AUL)), and Zurich (SWISS (CSR)) is a matter of debate.
With the operational issues that have affected the 787 in recent months hopefully all sorted, (LOT) can look forward to receiving the last 3 of the 8 airplanes it ordered (7 of them as long ago as 2005) in due course. This will open up the possibility of more long-haul routes for the airline, though none have been announced so far.
(LOT) Polish Airlines has chosen (ARINC)’s GLOBALink (ACARS) data link program to provide the airline data for its new 787 Dreamliners. (LOT) Polish Airlines is the flag carrier of Poland and is the first European operator of the 787 Dreamliner. The new 787 incorporates several changes in the way passenger jets are designed, including greater use of electrical systems that save weight compared to older hydraulics.
(LOT) currently uses (ARINC)’s (ACARS) data link services for operational messaging. Under the new agreement, (ARINC) will integrate the 787 data link program into (ARINC)’s data link Management System - OpCenter. (ARINC) said GLOBALink (ACARS) will enable (LOT) to operate its airplanes more efficiently and give it more visibility into how its airplanes are performing by maintaining critical, automated, real-time messaging between the flight crew (FC) and its Maintenance organization.
“(ARINC) has been providing (LOT) with industry leading technology for over a decade,” said Tomasz Balcerzak, Board Member for Operations & Maintenance at (LOT) Polish Airlines. “We are pleased with the entire portfolio of (ARINC) services and look forward to many future years of working together.”
Earlier this month, Rockwell Collins announced a $1.39 billion agreement to acquire (ARINC).
(LOT) Aircraft Maintenance Services has received an update and expansion of its PART-145 certificate to extend its scope of work to include Line Maintenance on Rolls-Royce (RRC) (Trent 1000)s on Boeing 787s and base maintenance on (CFM56)s on 737-600s, 737-700s, 737-800s, 737-900s, and 737-900ERs.
September 2013: (LOT) Polish Airlines has deferred its 2nd tranche of public aid and detailed plans to cut a series of routes as part of its bid to achieve sustained profitability by 2015.
This winter, (LOT) will suspend services from Warsaw to Beirut, Bydgoszcz, Cairo, Dusseldorf, Helsinki, Nice, Rome, Stuttgart, and Zurich. It is also axing 3 Polish regional flights, Katowice - Munich, Krakow - Frankfurt, and Poznan - Munich. In addition, Warsaw - Stockholm will be reduced to 2x-daily, so the airplanes can return to Warsaw rather than overnighting in Stockholm.
Some of these routes were seasonal, (LOT) explained, and others did not provide sufficient long-haul feed or help develop its Warsaw hub, which form major elements of its turnaround strategy.
The downscaling was also required by the European Commission (EC) as a pre-condition of approving the airline’s restructuring bailout. (LOT) received its tranche of aid in December and was due to receive a second batch in August.
(LOT) (CEO) Sebastian Mikosz said the core airline’s 1st-half results came in +€29 million/+$38 million ahead of target. “The improved result is possible mainly due to sharp costs cutting, while enhancing sales and due to changes in the offer aimed to generate additional revenue,” Mikosz said.
Off the back of the improved financial performance, (LOT) said it has delayed applying for its second bailout in August and September. “An amount of the second tranche will be carefully assessed when the company will apply to the Treasury for its payment. Perhaps this will happen only in October,” (LOT) said.
(LOT) has rolled out a series of measures over recent months, including improved service levels and a wider variety of distribution channels.
eurolot inaugurated 2 operations on September 3rd. The 1st network addition is between Rzeszów (RZE) in Poland and Paris Beauvais (BVA) in France. The new 1,430 km sector is being offered 2x-weekly by the airline partnered with (LOT) Polish Airlines and uses Bombardier Dash 8-Q400s to serve its only French destination. The 2nd introduction is being offered to Rome Fiumicino (FCO), the carrier’s only Italian destination. The new route is also offered 2x-weekly using Bombardier Dash 8-Q400s and has a 1,194 km sector length. Both new services marketed by (LOT) have no competition and are the airline’s only flights from Rzeszów.
(LOT) Aircraft Maintenance Services has received an update and expansion of its PART-145 certificate to extend its scope of work to include line maintenance on Rolls-Royce (RRC) (Trent 1000)s on Boeing 787s and base maintenance on (CFM56)s on 737-600s, 737-700s, 737-800s, 737-900s, and 737-900ERs.
Santos Dumont will redeliver 4 737-400s and 4 767-300s on behalf of (LOT) Polish Airlines. The airplanes are being redelivered to (ACG), (AWAS), (TPG), (ILFC) and AirTrust Capital Corporation. 5 of the airplanes have been redelivered to date and the additional 3 airplanes are expected to be redelivered by October 31.
November 2013: The European Commission (EC) has opened an in-depth investigation to assess whether a €200 million/$270 million government aid package for state-owned (LOT) Polish Airlines complies with European Union (EU) rules.
(LOT) had reported losses every financial year since 2008 and faced increasing liquidity problems in December 2012 when the company was forced to ask for state aid to avoid bankruptcy.
In May, the (EC) approved a temporary €100 million rescue bailout package, contingent upon Poland’s commitment to assemble a restructuring plan capable of ensuring (LOT)’s long-term viability. On June 20, (LOT) filed the plan to the (EC), which covered two-and-a-half years and included plans to restore viability by 2015.
The (EC) said it will examine whether the planned aid would enable (LOT) to become viable in the long term without continued public funding and whether the company offers adequate compensation to alleviate the competition distortion resulting from the state support. It will also verify if (LOT) sufficiently contributes to the cost of restructuring.
We have been expecting this decision for a long time,” (CEO) Sebastian Mikosz said. “The (EC) normally starts the procedure in case of entities, including airlines, which apply for public aid for their restructuring.” Mikosz said recently he plans to drastically reduce the fleet and is in talks with unions to cut workforce. He also wants to make (LOT) attractive for potential investors.
(LOT) Aircraft Maintenance Services has chosen (AMOS) from Swiss AviationSoftware to track and control maintenance operations.
(LOT) was also affected by the 787 technical problems earlier this year and is seeking compensation from Boeing.
(LOT) Aircraft Maintenance Services has won Poland’s Highest Quality International contest in the category of QI services for base maintenance on Embraer E170s and E190s.
December 2013: (LOT) Polish Airlines is expecting to report a loss of -PLN20 million/-$6.6 million at the end of 2013, showing a marked improvement over the results assumed in (LOT)’s restructuring plan, which forecast a loss of -PLN142 million for the full year.
(LOT) reported that during the 1st 11 months, it was +PLN111 million ahead of the restructuring plan estimate, with a particularly strong 3rd quarter—during which it generated profit on its core business of +PLN100.5 million, up +402% from PLN20 million reported during the same period in 2012.
(LOT) said the improved financial data is largely attributable to “consistent implementation of the restructuring plan, ie, reducing costs while generating additional revenue.” As a result, (LOT)’s current cash situation is +PLN162 million better than provided in the plan. (LOT) said: “Good results were achieved thanks to savings in fuel consumption, administrative and personnel costs reduction through employment restructuring, as well as tickets distribution costs reduction. Renegotiation of contracts with suppliers also brings effects. On the other hand, additional revenue was generated.”
It said its Boeing 787 Dreamliners are now a “trump card” in its competitive arsenal, with a +82% increase business- and premium-class passengers in the January - November period, compared to 2012. Load factor averaged 77% LF (despite the grounding of the 787s earlier in the year due to lithium ion battery issues) peaking at >90% during the summer months.
(LOT) Polish Airlines ((IATA) Code: LO, based at Warsaw Chopin) will not be ordering the 787-9 from Boeing, Tomasz Balcerzak (LOT)'s VP & Chief Operating Officer (COO), has said. According to "Pasazer.com," (LOT) had studied the possibility of converting its last 2 of 8 787-8s on order from Boeing into larger 787-9 models but has now decided against it. (LOT) also has unexercised options for an additional 7 787s. Meanwhile, (LOT) will not deploy its 6th 787-8 into service. Rather, (SP-LRF), which is due for delivery in March/April 2014, will instead be leased out to other airlines with Turkish Airlines (THY) reported to be one of the carriers interested in wet-leasing the airplane. The development is a direct consequence of a restrictive business plan the European Commission (EC) approved in return for a PLN 400 million/USD 132 million bailout of (LOT) from Warsaw earlier this year. Among the restrictions imposed, are the freezing of any new route launches for the foreseeable future, most notably on its long-haul network.
(LOT) Polish Airlines currently operates 36 airplanes, to 35 countries, 54 destinations on 62 routes and 60 daily flights.
February 2014: (LOT) Polish Airlines is now allowing passengers to use their personal electronic devices (PED) on board (LOT) airplanes in "flight" mode. These devices may be kept switched on throughout the journey, including take-off and landing.
The European Commission (EC) has launched in-depth investigations into the financial rescue deals for Cyprus Airways (CYP) and Estonian Air (ENA), to verify whether cash infusions breach European Union (EU) state aid rules. Earlier investigations into both carriers for similar suspected infringements are still ongoing.
In Cyprus Airways (CYP)’s case, the (EC) will investigate the Mediterranean island government’s plans to support the restructuring of the national carrier with €103 million/$139 million. The (EC) said it would “investigate in particular whether the restructuring plan is suitable to make Cyprus Airways (CYP) viable without continued state support and to offset the competition distortions created by the state aid.” It also has concerns as to whether (CYP) is making a sufficient contribution to the cost of restructuring. Cyprus Airways (CYP) has been loss-making for several years.
The opening of an in-depth investigation gives interested 3rd parties an opportunity to comment on the measures under assessment. The (EC) gave notice of its concerns last year.
Last December, (CYP) had notified the (EC) of a €102.9 million aid package to restructure Cyprus Airways (CYP) over a 5-year period. This included a €31.3 million capital injection granted in 2012, conversion of €63 million of debt to equity and €8.6 million to cover the deficit of the company's Provident Fund, a benefit scheme for some employees.
(EU) rules say that governmental restructuring aid may be granted only once in 10 years, so that chronically weak companies are not kept alive artificially, to the detriment of better-run competitors. The (EC) noted it had previously approved restructuring aid for Cyprus Airways (CYP) in 2007 and that since then, (CYP) had received the 2012 capital injection and a €34.5 million loan the following year.
In Estonian Air (ENA)’s case, the (EC) is looking at whether a 2013 €40.7 million restructuring grant is legal. As with Cyprus Airways (CYP), the (EC) has doubts as to whether this will ensure (ENA)’s long-term viability. Similarly, it said that earlier state interventions totaling €57 million since 2009 may be deemed to have breached the “once in a decade” ruling.
Several other (EC) investigations are underway into (LOT) Polish Airlines, airBaltic (BAU), Adria Airways (ADR) and (SAS) Scandinavian Airlines.
March 2014: (LOT) Polish Airline's regional subsidiary eurolot, expanded its European presence with a new service from its Gdansk (GDN) base in Poland to Brussels (BRU) on March 3rd. The 1,032 km sector to the capital and largest city of Belgium will be served four times weekly, utilizing the carrier’s 72-seat, Dash 8-Q400s. eurolot’s seventh service from Gdansk will face no competition from other carriers.
April 2014: (LOT) LOT Polish Airlines ((IATA) Code: LO, based at Warsaw Chopin) is in talks with Canjet Airlines ((IATA) Code: C6, based at Halifax) (CNJ) over the possible wet-lease of 2 737-800s for the duration of the upcoming summer season. Talks with local tour operator, Itaka, have also taken place. Polish aviation portal, pasazer.com, said the airplanes, if secured, will only be used on charter flights.
Meanwhile, (LOT) and tour operator, Rainbow Tours have renewed an existing cooperation agreement for another 2 seasons. Under the terms of the deal, (LOT) will operate 1 of its 787-8s on long-haul flights for Rainbow Tours during the upcoming 2014/2015 and 2015/2016 Winter seasons. Among the destinations served in the past have included Cancún, Bangkok Suvarnabhumi, and Colombo International.
Polish regional carrier, Eurolot has nearly completed a project to phase out its ATR 72s as it moves to a single-type fleet based on the rival turboprop, Bombardier’s Q400. Remarketing specialist, the Aelis Group is selling the last 3 ATR 72-200s in the airline's fleet, Eurolot VP, Bartlomiej Matusewicz confirmed.
May 2014: (PPG) Industries’ coatings helped (LOT) Polish Airlines colorize the livery of an Embraer E175 jet painted to celebrate (LOT)’s 85th anniversary.
June 2014: (LOT) Polish Airlines and Turkish Airlines (THY) increase their cooperation with a 5x-weekly, Warsaw - Istanbul Atatürk service.
(LOT) Polish Airlines wants to double its fleet size from 50 to 100 airplanes by 2019 - 2020 if the European Commission (EC) decides to lift its growth ban under European Union (EU) state aid.
Finnair (FIN) is wet leasing a Boeing 767 and 787 to temporarily replace one of its Airbus A330 airplanes, which is undergoing extra maintenance. Spanish operator, Privilege Style (PVG) will operate Boeing 767 Helsinki - New York (JFK) service from June 20 until the end of the month. (LOT) Polish Airlines plans to operate the route with a 787 from July 1 - 16.
Finnair (FIN)’s A330 is expected to return to service after mid-July.
“One wide body aircraft missing from our fleet affects our operations. As this is a wet-lease agreement, all crew members are from Privilege Style (PVG) and (LOT), but in the cabin there’s one Finnair (FIN) purser available,” (FIN) (COO) Ville Iho said.
July 2014: The European Commission (EC) has approved the provision of financial aid to (LOT) Polish Airlines, following a 9-month investigation. The (EC) had expressed concern as to whether the Polish flag carrier’s restructuring plan went far enough in offsetting the benefits of its cash infusion. However, (LOT) said that European authorities have agreed the plan conformed to the provisions of European competition law.
“This is a very important day for (LOT),” (CEO) Sebastian Mikosz said. “The measures foreseen in the plan avoid distortions to the market and ensure our long-term competitiveness. We have indeed cut our costs dramatically and have improved our revenues so that (after many years of losses) (LOT) can finally return to sustainable profitability.”
In 2013, (LOT) recorded its 1st net profit for 5 years.
Its restructuring plan involved discontinuing several profitable routes, cutting capacity and making a financial contribution toward the restructuring program to offset the distorting effects of the rescue package. It also cut ground personnel by around -35% and operating costs by phasing out older Boeing 737s and 767s, replacing the latter airplanes with 787-8s.
(LOT) had previously praised the 787 for a marked improvement in its costs and bookings, particularly for premium cabin passengers.
Further cost-cutting moves continue, including the renegotiation of procurement contracts with suppliers.
September 2014: (LOT) Polish Airlines reported it has moved into profit on its core business eight months into the year. At the end of August, (LOT) exceeded its cumulative operating breakeven point, in line with the assumptions of its restructuring plan.
(LOT) (CEO) Sebastian Mikosz said: “Compared to the corresponding period of 2013, we have attained the result which is about +PLN100 million/+$31 million better. We consistently pursue our goals and meet our annual financial forecast. According to the restructuring plan approved by the European Commission (EC), in 2014 we are expected to achieve the return on ordinary activities of more or less PLN70 million.”
At the end of July, the (EC) approved (LOT)’s restructuring plan and found that public aid granted to (LOT) was lawful. Details of a new company policy are currently being finalized and the restructuring process is due to last until the end of 2015, during which time (LOT) may not launch any new routes. However, the first new flights, including long-haul routes, are expected to be announced at the beginning of the next year.
(LOT) had already begun to see an improvement in its financial performance last year, when it closed with an operating loss of -PLN4 million. This was substantially ahead of the -PLN138 million loss assumed in the restructuring plan. In addition, 2013 was the 1st time in 5 years that (LOT) recorded a net profit (+PLN26 million).
(LOT) said it continues to finance the difficult restructuring process exclusively from its own resources, and would hold off applying for a 2nd tranche of public aid, originally due last August, at least until the end of September this year. The amount of the 2nd tranche would also be smaller than originally planned, it said.
Mikosz said progress toward effective restructuring was due purely to (LOT)’s own in-house efforts and not the result of external market forces. “Reaching the breakeven point is the exclusive success of the company’s activities,” he said. “There are no market-specific factors (such as aviation fuel prices or currency exchange rates) that would help us, as was partially the case last year.”
(LOT) Polish Airlines is seeing increased reliability with its Boeing 787-8 fleet and is flying the airplane an average of 19 hours per day (3 more hours than it flew its 767-300s) in a mix of scheduled and charter service, (CEO) Sebastian Mikosz said.
October 2014: News Item A-1: (LOT) Polish Airlines is postponing its 2nd tranche of state aid as it continues to boost profits. At the end of August, (LOT) exceeded its cumulative operating breakeven point, in line with its restructuring plan.
“(LOT) continues to perform as predicted in the annual financial forecast,” it said. “This means that by the end of 2014, (LOT) will reach the result on its core business of PLN70 million/$21.2 million in the black. This is consistent with the assumptions of the restructuring plan.”
(LOT) has repeatedly assured that, if the 2nd tranche of aid was requested, it would be certainly much lower than assumed. According to the restructuring plan, (LOT) should have received PLN 381 Million, in August of the past year.
In 2013, (LOT) reported a +PLN26 million net profit for the 1st time in 5 years. (LOT) said it ended up with a full-year operating loss of -PLN4 million compared to a projected loss of -PLN142 million.
News Item A-2: (LOT) said its new philosophy of creating a map of routes, which was introduced this summer, is beginning to pay off. (LOT) has increased its transit capacities by >40%. “It means that passengers traveling via Warsaw will be able to change more comfortably on their way to other cities in Poland and destinations in the Central and Eastern Europe,” it said.
News Item A-3: Recently, (CEO) Sebastian Mikosz said (LOT) is seeing increased reliability with its Boeing 787-8 fleet and is flying the airplanes an average of 19 hours per day (3 more hours than it flew its 767-300s) in a mix of scheduled and charter service.
As a condition for accepting state money to prop up the airline, Mikosz said (LOT) has been banned by regulators from growing (ASK)s or adding routes until early 2016. “It gives us time to prepare for our growth,” said Mikosz, who ran (LOT) in 2009 and 2010, and was brought back in 2013 to turn (LOT) around. The Polish government gave (LOT) €200 million in a deal that was only recently approved by the European Commission (EC).
Mikosz said he plans to announce new routes next year (Asia is at the top of the list) and implement them as soon as the restriction ends.
News Item A-4: (LOT) Polish Airlines has started operations in London Heathrow (LHR)’s new Terminal 2.
News Item A-5: eurolot, which has expanded rapidly in 2014, continued to increase its European offering with the addition of four new airport pairs, all of which were launched from its Warsaw Chopin (WAW) base. With the longest sector being the 919 km sector to Stuttgart (STR) and the shortest being inaugurated to Lublin (LUZ) at 159 km, the Polish regional operator will face no competition on any of the four new routes. Interestingly, eurolot has entered a new market, namely Moldova with Chisinau (KIV) flights.
November 2014: News Item A-1: Star (SAL) Alliance member, (LOT) Polish Airlines wants to consolidate the Central Europe aviation market as the state-owned carrier considers future projects following an increase in profits, (CEO) Sebastian Mikosz said.
News Item A-2: (LOT) Aircraft Maintenance Services (LOTAMS) began performing "C" checks of a Boeing 767-300ER with Winglets belonging to Italy’s NEOS (NEO). This is the 1st airplane check with such a wide range of maintenance tasks performed by (LOTAMS) for an operator other than (LOT) Polish Airlines.
News Item A-3: (LOT) Polish Airlines, in the aftermath of a restrucuturing, has been banned by European Union (EU) regulators from growing capacity or adding routes until early 2016.
February 2015: euroLOT enters liquidation; bookings blocked after March 31st; 17 European airports affected:
Time has been called on euroLOT, the struggling state-owned regional airline, with 17 of Europe’s airports affected, many of which are in its home market of Poland. In justifying its drastic decision, which had been foreseen by many, the Polish Treasury, which owns 62.1% of the airline, said there was no prospect of profits in the foreseeable future. As a result, the airline has blocked all bookings after March 31 this year, and reservations made for April onwards will be refunded.
Second biggest airline at Warsaw’s main airport:
The regional carrier was founded in December 1996, with operations commencing in July 1997. The treasury holds a 62.1% stake in euroLOT, while state-owned Towarzystwo Finansowe Silesa holds the remaining 37.9%. Originally operating ATR equipment, euroLot currently has a fleet of 11 Q400s, one of which is in storage (according to Planespotters.net). Its biggest operating base is at Warsaw’s main airport, where it is currently the 2nd largest carrier (of the 39 serving airlines) in terms of weekly seats.
While the carrier’s loss at Warsaw will be significant, the capital city airport is perhaps the most likely Polish airport to secure replacement services or additional capacity from its incumbent airlines as a result of eurolot’s pending closure. Its demise will be more noticeable elsewhere in Poland: at Krakow, eurolot is the #2 airline in terms of weekly seats, of its 11 serving carriers; at Bydgoszcz, #2 airline of 2 serving carriers; and at Gdansk, #3 airline of 10 serving carriers. Indeed, at Bydgoszcz, only Ryanair (RYR) will remain as a serving airline come April unless replacement capacity is found. Of the airline’s top 12 served airports, 6 are in Poland, while 6 are international. Out of adversity comes new route opportunities
Some of the airplanes currently being use by eurolot are expected to be transferred to (LOT) Polish Airlines at the end of next month. However, on which routes they will be deployed is unsure at this stage. Of the airline’s top 11 served routes, 3 are domestic (highlighted in light green), while 8 are international.
No doubt some of these top route opportunities will be scooped up by new or existing carriers, particularly those with the most capacity, which would tend to indicate where the most significant demand lies. Only 3 of the top 11 routes are currently competed, and 1 of those (Warsaw to Krakow) features partner (LOT). However, the fact that the airline has failed to make money in the absence of competition on eight out of 11 of its top routes in terms of weekly frequency, would seem to indicate that airlines will not be queuing up to replace eurolot.
March 2015: The (AELIS) Group completed the sale of EuroLOT’s fleet of 11 ATR airplanes (9 ATR 72-200 and 3 ATR 42-500s, as well as and 4 spare engines. All airplanes were marketed and sold to Germany, Greece, Switzerland, Great Britain, Bangladesh, Singapore, and Africa.
April 2015: (LOT) Polish Airlines reported a 2014 annual net profit on its core business of +PLN99 million/+$26 million, reversed from a -PLN67 million loss in the year-ago period.
“This is the 1st company’s profit in 7 years. It is almost PLN30 million above the restructuring plan assumptions, and +PLN103 million more than in 2013,” (CEO) Sebastian Mikosz said. The restructuring plan formally ends next year.
The normalized net profit, i e without one-offs and accounting effects, amounts nearly to PLN36 million. Taking into account the one-offs and accounting effects, related to the increase of currency exchanging rates (mainly of the dollar), a minus appears at the net result, at the level of PLN263.4 million. This is only an artificial accounting record having no effect on the actual financial health of the company.
(LOT)’s 2014 (EBITDA) reached PLN291 million, up from PLN156 million in 2013 and from a loss of -PLN346 million in 2012. “The positive result on the core business [which is flying], is of utmost importance here, since it has been achieved regardless of the compensation measures adopted required by the European Commission (EC). Because of the public aid received, we had to cut the number of flights by almost -8% in 2014, compared to the previous year. Nevertheless, we carried +2% passengers more, and simultaneously increased the revenue in comparison with the past year, while keeping a similar cost level,” (CEO) Sebastian Mikosz said.
Network restructuring paid off and (LOT) increased its connecting capacities by as much as >40% at its Warsaw hub by improving the transfer business.
The company said 2014 was also the 1st year to have seen the so-called “Dreamliner effect,” where all long-haul routes were operated by 6 787-8s on its scheduled network, lease to other airlines (1 airplane is operating for Air Europa (ARE)) and long-haul charter flights in the winter season.
Owing to the consistent improvement of its financial condition, (LOT) postponed and considerably reduced, by as much as two-thirds received, the 2nd state aid tranche. It was received at the end of 2014 in the amount of PLN127 million. “It should be emphasized that the amount of state aid has no effect on the result.”
Mikosz added, “The result in 2014 shows that we can operate effectively. There is a place on the market for such a carrier as (LOT). However, we have to remember that this is just the 1st step of transformation and more challenges are ahead as it is our goal to achieve sustained profitability and to move from restructuring to a rapid growth of the company.”
(LOT) is getting ready for rapid growth in the next year and works on the company’s growth policy for 2016 are underway. The plan will be announced in the next few months. Mikosz said in an interview last November that 2016 growth ambitions include two new long-haul routes, 15 to 20 new destinations in Europe, as well as increasing frequencies on existing routes.
“(LOT) must grow quickly [starting in 2016] in order to offer business passengers a much larger network,” Mikosz said. “(LOT) has to gain size to lower costs.”
Mikosz said (LOT) is definitely too small to survive (at its current size) and plans to more than double its fleet in 5 years to 100 airplanes.
May 2015: News Item A-1: (LOT) Polish Airlines plans to grow (ASK)s at least +30% starting in 2016, when a European Union (EU) ban is lifted prohibiting (LOT) from growing capacity or adding routes until it completes restructuring.
News Item A-2: (LOT) Polish Airlines is raising the prospect of an initial public offering (IPO) following (LOT)’s reported first profit for seven years for 2014, according to several European media outlets.
June 2015: "Air Serbia (JAT), & (LOT) Polish Airlines Announce Code Share" by (ATW) Alan Dron, June 12, 2015.
Air Serbia (JAT) and (LOT) Polish Airlines have signed a code share agreement to provide enhanced connections within Europe, and to the Middle East. The agreement was signed in Miami during (IATA)'s (AGM) by the (CEO)s of the two partnering airlines, Dane Kondic of (JAT) and Sebastian Mikosz of (LOT).
(JAT) will place its JU code on (LOT)'s flights to Vilnius, Tallinn and Riga, allowing travelers to book round trips between Belgrade and the Baltic States’ capitals via Warsaw.
(LOT)’s LO code will be placed on (JAT)’s flights to Podgorica and Tivat in Montenegro, as well as its daily service to Abu Dhabi.
The code share agreement became operational already, although both sets of flights awaited regulatory approval.
“Code share agreements are an important pillar of our strategy to continuously offer our guests greater choice and flexibility to key destinations, and our commercial partnership with (LOT) is a crucial step in further enhancing our presence in Northern Europe via Warsaw,” Kondic said.
“We are very happy that, together with Air Serbia (JAT), we are now able to offer our passengers new exciting destinations and extend even more travel opportunities,” Mikosz said. “Passengers traveling from Warsaw gain the possibility to reach the capital city of the (UAE), and two major cities in Montenegro.”
July 2015: Indra has signed a contract with (LOT) Polish Airlines to provide a redesigned web-based reservation and sales process platform. Indra will implement an initial 7-month startup phase and will include a 5-year maintenance plan for €1.7 million/$1.87 million.
August 2015: News Item A-1: (LOT) Polish Airlines and Turkish Airlines (THY) have signed a letter of understanding (LOU), which will initiate an enhanced cooperation on existing code share routes. The final model of cooperation, which has not yet been finalized, will result in a future joint venture (JV).
(THY) and (LOT) have been code sharing on each other’s flights on Istanbul - Warsaw routes since October 2000. In 2014, service has been extended on Istanbul - Amman, Istanbul - Cairo, and Istanbul - Ankara for (THY) and Vienna - Warsaw and Warsaw - Krakow routes for (LOT).
With the expansion of the code share agreement, both airlines will put its designator code on some mutual selected flights beyond Istanbul and Warsaw to domestic destinations in Turkey and Poland, as well as to points in Africa, the Middle East, and Asia.
“(LOT) is ready to grow immediately as of 2016, and now is the best moment to strength equal cooperation with our key airline partners. (LOT) and (THY) have been partners for many years. I am convinced that this letter of understanding will help us to create unique and global offer. This will give our passengers all advantages of worldwide and supplementary networks of both carriers,” (LOT) (CEO), Sebastian Mikosz said.
News Item A-2: Indigo Partners (INZ), the USA-based private equity and venture capital firm behind Wizz Air (WZZ) and Frontier Airlines (FRO), has expressed an interest in (LOT) Polish Airlines with negotiations currently ongoing.
Informed sources who spoke to the "Puls Biznesu" business daily, state airline management has been in talks with Indigo (INZ) and (LOT)'s owner, the Polish Treasury, with Rothschild the facilitator. Should a binding Letter of Intent (LOI) be signed, (INZ) would be prepared to push for a final-offer agreement, the report said.
As (EU) regulations cap foreign ownership of local airlines at 49%, Indigo (INZ) reportedly plans to partner a European fund to assume majority ownership of the airline. Warsaw, which has already passed legislation allowing minority state-ownership in the airline, would remain a minority shareholder initially. It may subsequently exit (LOT) altogether.
In terms of plans, Indigo (INZ) has indicated it would invest "several hundred million zloty" in (LOT) to develop Warsaw Chopin into a Central and Eastern European hub. The move would create thousands of new jobs over the next five years.
Though (LOT) has managed to turn its finances around posting a +EUR24 million/+USD27.1 million operating profit for 2014, it has yearned for a strategic investor to help it realize its full potential.
While it has been linked to Lufthansa (DLH), Air Berlin (BER), Turkish Airlines (THY), and Norwegian (NWG) in recent years, none of the purported talks have resulted in any tangible investment. In May, (LOT) (CEO) Sebastian Mikosz said that (LOT) would consider going public should it fail to find a suitable strategic partner.
News Item A-3: (LOT) Polish Airlines (CEO), Sebastian Mikosz has resigned after the Polish government again delayed (LOT)’s privatization process. Several local media outlets have reported the privatization delay is due to upcoming elections.
“Yes, I will [leave the company]. No privatization, so I go,” Mikosz said on August 18. Mikosz is expected to leave (LOT) by mid-September.
Mikosz, who had resigned as (CEO) in September 2010, was reappointed to the position in February 2013. Mikosz had been the carrier’s 13th (CEO) and had been widely credited with turning around the company under his current leadership.
The Star (SAL) Alliance member is 99.9% owned by the Polish treasury, which stated that due to Poland’s political situation, it was suspending its decision to sign a letter of intent (LOI) to sell (LOT)’s shares, Rzeczpospolita reported.
Mikosz's resignation comes at a time when (LOT) is beginning to show signs of recovery and has an ambitious growth plan starting from next year.
(LOT) was raising the prospect of an initial public offering (IPO) following (LOT)’s reported first profit for seven years in 2014. “As long as (LOT) [is not] controlled by a new owner, the privatization could not happen because nobody wants to buy 49% in (LOT), when the rest of the company remains in the hands of the government, Mikosz said in May.
(LOT) plans to grow capacity (ASK)s at least +30% starting in 2016, when a European Union (EU) ban is lifted, prohibiting (LOT) from growing capacity or adding routes until it completes restructuring.
Within the next five years, (LOT) plans to double in size, transporting 10 million passengers annually and wants to become the leading carrier in the region, which it calls the “New Europe.”
By 2020, (LOT) is targeting up to 80 destinations (up from more than >49); revenues should rise to PLN9 billion/$2.42 billion from less than <PLN3.5 billion. The fleet should grow from around 40 airplanes close to 80 airplanes, including up to 18 long-haul airplanes.
(LOT) Polish Airlines currently has 44 airplanes and operates to 37 countries, to 56 destinations, on 56 routes and 204 daily flights.
News Item A-4: (LOT) Aircraft Maintenance Services will build a new 7,500 sq m hangar at Warsaw Chopin Airport. The hangar will be able to take all wide body aircraft and should be completed in 2017.
November 2015: (LOT) Polish Airlines begins 6x-weekly, Warsaw - Luxembourg, Embraer ERJ-170 service on March 1, 2016.
January 2016: News Item A-1: (LOT) Polish Airlines commenced services on the 969 km sector between Warsaw Chopin (WAW) and Venice Marco Polo (VCE) on January 23, ending a near eight-year hiatus on the route for the Star (SAL) Alliance member. Flights between the two cities will operate 4x-weekly with (LOT) utilizing its E175 fleet on the route. Departures (LO309) from the Polish capital are scheduled to depart at 08:50, arriving into the Italian city at 10:55. Return flights (LO310) leave Marco Polo at 11:40, arriving back into Chopin at 13:45. The city pair was last served in 2013 when Air One operated a 3x-weekly service with its A320s until October 19 of that year. (LOT) Polish Airlines last served this city pair on March 24 2008, when it operated a 4x-weekly rotation using its then fleet of ERJ-145s, which were retired from the Polish national airline during 2011.
News Item A-2: (LOT) Polish Airlines acting (CEO), Marcin Celejewski says growth will be risky for Poland’s flag carrier in 2017 - 2018, when it plans to expand its fleet and network as part of a strategy to double in size by 2020.
News Item A-3: (LOT) Polish Airlines Aircraft Maintenance Services has appointed Wojciech Stradowski, Workshop Manager.
News Item A-4: "LOT Polish Airlines Launches Tokyo Services" by (ATW) Kurt Hofmann, January 13, 2016.
(LOT) Polish Airlines has launched its first new long-haul route in four years with the introduction of 3x-weekly, Warsaw - Tokyo Narita services using a Boeing 787-8. “By opening this new route, will also want to win back the trust from our passengers,” (LOT) acting (CEO), Marcin Celejewski said at a press conference at Warsaw Frederic Chopin International Airport. “We are working very hard to develop this company further, but we also want to expand our Warsaw hub in the New Europe.”
(LOT) plans to add 15 new destinations this year as well as increase frequencies on existing routes. Celejewski said the Poland flag carrier plans to “grow +38% in terms of (ASK)s” this year as a European Union (EU) ban on growth is lifted following restructuring.
Load factors are reportedly at 70% LF on (LOT)’s new Tokyo route, despite economic difficulties for Japanese tourists.
(LOT) is also evaluating new services to Bangkok, but nothing has been decided.
By 2020, the Star Alliance (SAL) member plans to double in size, transporting 10 million passengers annually and wants to become the leading carrier in the region, which it calls the “New Europe.”
News Item A-5: "(LOT) Polish Airlines Appoints New Management" by (ATW) Kurt Hofmann, January 29, 2016.
(LOT) Polish Airlines’ supervisory board has made management changes.
The board has appointed Rafal Milczarski as Chairman, and Borys Buta as (COO) and board member.
Milczarski co-founded Baltic Rail, one of the first private cargo railway carriers in Poland. He also founded freight rail carrier Freightliner PL, and was founder and former (CEO) of Freightliner DE, a German subsidiary of Freightliner PL.
Buta is a lawyer and former (CEO) of Air Transport Support. He has been a representative of the board of (LOT) Travel.
Additionally, (LOT) said acting (CEO), Marcin Celejewski has been recalled from the position of President of the management board and Chief Commercial Officer (CCO); and Monika Kieltyka-Michna has been recalled from a position of the member of the board, as Chief Corporate Officer.
Celejewski replaced Sebastian Mikosz, who resigned in August 2015. Mikosz had been (LOT)’s 13th (CEO) and had been widely credited with turning around the company under his current leadership.
(LOT) said the qualification procedure for (CFO) ended without appointment.
News Item A-6: (LOT) Aircraft Maintenance Services has received an update to its (EASA) Part-145 certification to carry out base maintenance on Boeing 777s.
March 2016: (LOT) Polish Airlines began four new services this month, confirming its recent route expansion strategy which includes the re-start of many previously operated services, as well as long-haul routes like Tokyo Narita, which launched in January. Indeed, three of the four new routes from Warsaw Chopin (WAW) launched are actually re-starts, with Athens (ATH), Ljubljana (LJU), and Luxembourg (LUX) all having been operated before, with the latter last flown in 1981 by (LOT), the Star (SAL) Alliance carrier.
Routes as follows:
Warsaw Chopin (WAW) to Luxembourg (LUX), E170 6x; to Athens (ATH), E170 4x, vs Aegean (CRM) 5x; to Kharkiv (HRK) E175 5x; to Ljubljana (LJU) Q400 5x, vs Adria (ADR) 3x.
April 2016: SITAONAIR has been selected by the Polish Air Navigation Services Agency (PANSA) to provide the data link service required to comply with the European Union (EU) Data Link Regulations for the "Single European Sky."
July 2016: "LOT Polish Airlines Places its First Upgraded 737-400 in Service" by (ATW) Kurt Hofmann, July 1, 2016.
See photo - "LOT-2016-07 - 737-400 Upgrade.jpg."
(LOT) Polish Airlines, which recently completed a cabin upgrade in its Boeing 737-400s, placed the first of three newly modernized airplanes into service on its Warsaw - London Heathrow route June 27.
The upgraded cabins feature new leather seats, (LED) lighting with mood-lighting modes, and refreshed cabin interior elements.
The three 737-400s were produced in 1996 and 1997. All of them are undergoing a complete "D" type overhaul and modernization.
Work on the remaining two retrofitted 737-400s is scheduled to be completed by fall.
(LOT) Director Product & Customer Experience Bureau, Krzysztof Moczulski said the 737s “still offer 162 seats even though some other carriers are capable of squeezing as many as 180.”
Each seat is equipped with a universal electronic socket. Moreover, the cabin’s interior now looks modern, thanks to completely new accessories such as carpets and curtains. Also, overhead luggage compartments were refreshed, and the standard of the toilets resemble those familiar with the 787.
Separately, (LOT) will decide on a future narrow body fleet by the middle of this year, but has not released further details on the evaluation process.
September 2016: (LOT) Polish Airlines said it plans to more than double the number of passengers it carries annually from 4.3 million in 2015 to 10 million by 2020.
In a strategy paper, (LOT) said the growth will be achieved via a combination of short-haul expansion in Central and Eastern Europe, long-haul expansion to the USA and Asia, and a growing number of transfer passengers at its Warsaw hub. The plan includes growing its Boeing 787 fleet from six currently to 17 by 2020.
“Taking maximal advantage of the fact that the market [for] air services in Poland and Central and Eastern Europe is bound to grow at a much quicker pace than in other European countries is a starting point for our plan,” (LOT) Chairman, Rafal Milczarski said, adding, “We have estimated that in Poland alone, the number of passengers is going to grow at about +5% per year. It is a huge opportunity for us.” In terms of long-distance flying, “we are mostly going to focus on developing flights to North America and the most important business centers in Asia,” Milczarski said.
(LOT) will launch service to Seoul Incheon later this year and to New York Newark next year. “As new long-distance flights are launched, the number of short-distance flights, especially [to] Central and Eastern Europe, is going to go up as well,” Milczarski said.
LOT said it plans to hire +400 new pilots (FC) between now and 2020 to meet its expansion target.
October 2016: News Item A-1: (LOT) Polish Airlines launched 3x-weekly Warsaw - Seoul Incheon services on October 17, its 3rd Asian destination.
(LOT) (CEO) Rafal Milczarski said, “Our customers need convenient flights with a good timetable and as short as possible transfers. Passengers no longer need to transfer at large and crowded hubs of Western Europe.”
Seoul is (LOT)’s 6th long-haul route from its hub at Warsaw Chopin Airport.
(LOT) recently announced 2 new summer 2017 north transatlantic services to Los Angeles, California and Newark, New Jersey.
News Item A-2: "(LOT) Polish Airlines to Launch Service to Newark, Los Angeles in 2017" by Kurt Hofmann firstname.lastname@example.org, October 5, 2016.
(LOT) Polish Airlines plans to boost its summer 2017 north transatlantic services with the launch of 4x-weekly Warsaw - Los Angeles and 3x-weekly Warsaw - Newark services, starting from April 2017. Los Angeles, California will be (LOT)’s 8th long-haul route and its 5th destination in North America.
“We are going to launch the 1st direct flight from Eastern and Central Europe to Los Angeles, one of the major and most famous cities in the USA,” (LOT) (CEO) Rafal Milczarski said October 5. The announcement of the inauguration of the west coast flights is another stage of the implementation of (LOT)’s profitable growth strategy.
Starting from April 28, 2017, 3x-weekly Warsaw - Newark will be operated by a leased Boeing 767-300ER. The service will increase at a later date to 4x-weekly. From August, (LOT) will utilize its own Boeing 787 with a 3-class configuration (business class (C), premium economy (PY) and economy (Y).
Separately, (LOT) announced it will launch 3x-weekly Warsaw - Seoul Incheon services, starting October 17.
News Item A-3: On October 13, (LOT) said it agreed to lease up to 11 Boeing 737 MAX 8s from USA lessor Air Lease Corporation (ALE) for delivery in 2017 - 2020 and took options on +5 more..
However, to cover expected strong summer traffic in 2017, (LOT) has leased +4 additional 186Y-seat Boeing 737-800s from AerCap (DEA), which will increase the number of flights on popular routes and enable (LOT) to launch new services, for example to central Asia. (LOT) holds an option to swap the 737-800s for 737 MAX 8s.
(LOT)’s long-haul fleet is expected to rise to 8 airplanes when +2 additional 787s enter the fleet next year. The fleet will comprise at least 51 airplanes in summer 2017.
November 2016: News Item A-1: (LOT) Polish Airlines has agreed to acquire a 49% stake in Estonian flag carrier Nordica (NAG)’s Regional Jet subsidiary as (LOT) the Polish flag carrier aims to strengthen its presence in Central and Eastern Europe (CEE).
Both carriers would preserve their national identities.
Starting November 19, (LOT) will use its designator from Tallinn, Estonia, on routes to Brussels, Stockholm, Amsterdam, Vienna, Kiev, Vilnius, Oslo and Trondheim. Flights between Tallinn and Munich will be served by (LOT), which bases one Embraer regional jet temporarily in Tallinn, Estonia.
Initially, 2 Nordica (NAG) Bombardier CRJ900s will operate from (LOT)’s Warsaw hub, which will rise to 3 later on.
The cooperation enables (LOT) to continue its growth strategy while reducing the need for additional cockpit and cabin crews.
On October 13, (LOT) agreed to lease up to 11 Boeing 737 MAX 8s from USA lessor Air Lease Corporation (ALE) for delivery in 2017 to 2020.
(NAG) (part of the Nordic Aviation Group and the successor to (ENA)) was established by a resolution of the Estonian government on September 25, 2015 to guarantee flight connections for Estonia. It uses mainly wet-leased aircraft from several European carriers.
The company is 100% owned by Estonia and operates from Tallinn to 15 European destinations. Nordica (NAG) carried 307,606 passengers in the 1st 10 months of 2016. Its Regional Jet subsidiary is responsible for aviation operations of (NAG).
(LOT) said this cooperation model is also available to other carriers from the region. “It is the 1st step toward consolidating (CEE) markets by (LOT). It is the 1st such cooperation between 2 carriers from the (CEE) region, while building an effective transfer hub in Warsaw. (NAG)’s flight schedule converges with ours in almost 100%,” (LOT) (CEO) Rafal Milczarski said.
Nordica has access to (LOT)’s operational and commercial platform; the commercial risk for flights from Tallinn will remain on the Nordica side. Its Bombardier CRJ fleet will be maintained in Tallinn, operated by Estonian crews.
(LOT) said the expansion in (CEE) is 1 of the most important elements of its growth strategy since the beginning of the year. (LOT) has opened 25 new routes, including long-haul flights to Tokyo and Seoul in 2016. In 2017, (LOT) plans to launch flights to Newark and Los Angeles, as well as to new European destinations.
(LOT) transports nearly 5 million passengers a year.
News Item A-2: All Nippon Airways (ANA) and (LOT) Polish Airlines have expanded their code share to cover some domestic services operated by (ANA). The wider agreement between the 2 Star (SAL) Alliance carriers will take effect on December 1.
"As a result of this new code share arrangement, passengers will be able to fly using (LOT) flight numbers between destinations in Europe in addition to Warsaw, Poland and various regions of Japan, including Sapporo, Sendai and Fukuoka," the partners said.
Under their current code share, (ANA) places its code on (LOT)'s services from Warsaw to Frankfurt, London Heathrow, Munich and Paris Charles de Gaulle.
December 2016: (PPG) was selected by (LOT) Polish Airlines to provide eco-friendly top-coat/primer system for its Embraer E175s and Boeing 737s.
January 2017: News Item A-1: (LOT) Polish Airlines will launch 4x-weekly Warsaw - Tokyo Narita Boeing 787 service July 3. (LOT) will also increase Warsaw - Seoul services from 3x- to 5x-weekly from July.
News Item A-2: (LOT) Polish Airlines will lease 3 Boeing 787-9s from USA-based Aviation Capital Group (CGP) to further develop its long-haul fleet. (LOT), the Polish flag carrier will take delivery of the 1st airplane in March 2018, which will be used on trunk routes from Warsaw to New York (JFK) and Chicago O’Hare.
The 294-passenger 787-9s ((LOT)’s largest airplane) will be configured for 3 classes, featuring 24C seats in business, 21PY in premium and 249Y in economy class. The new airplanes will be powered by Rolls-Royce (RRC) (Trent 1000) engines.
4 years ago, (LOT) became the 1st airline in Europe to operate 787s; it currently operates 6 787-8s and expects to take delivery of another +2 in July and August.
(LOT) said in comparison to the 787-8, the 787-9 offers more capacity and lower per-seat operating costs. “With the 787-9, we will open a new chapter in our history. This airplane will give us an opportunity to significantly increase the capacity on our existing, most popular routes, in addition to opening new ones,” (LOT) (CEO) Rafal Milczarski said. “At 1st the 787-9 will operate to destinations in the USA; however, we hope that soon we will see them flying to Asia as well,” he added.
(LOT)’s Dreamliners are used on long-haul routes to New York, Chicago, Toronto, Beijing, Seoul and Tokyo. In April, (LOT) will launch flights from Warsaw to Los Angeles and New York Newark. From August, it plans to operate Krakow - Chicago 787 service.
In September 2016, (LOT) announced plans to more than double the number of passengers it carries annually from 4.3 million in 2015 to 10 million by 2020. That growth, it said, will be achieved via a combination of short-haul expansion in Central and Eastern Europe, long-haul expansion to the USA and Asia, and a growing number of transfer passengers at its Warsaw hub. The plan also included growing its Boeing 787 fleet from 6 to 17 by 2020.
April 2017: News Item A-1: (LOT) Polish Airlines agreed to lease 1 new (Trent)-powered Boeing 787-9 from Air Lease Corporation (ALE) for (2Q) 2018.
May 2017: News Item A-1: (LOT) Polish Airlines launched 4x-weekly Warsaw - New York Newark services April 28, its 5th North American destination and 2nd new route to the USA (Los Angeles, California) within one month. The service will be increased to 5x-weekly starting in August.
The new service will be initially operated with a leased Boeing 767-300 with business (C) and economy (Y) class. Beginning in August, the route will be operated using a Boeing 787 in a 3-class configuration. “We have seen huge potential of passenger traffic from Poland to Newark that has not been taken advantage of,” (LOT) (CEO) Rafal Milczarski said. “Right after New York (JFK), Beijing, Toronto and Chicago O’Hare, Newark is the 5th most popular direction [among] long-distance flights among Poles,” he said.
The Star (SAL) Alliance member recently announced additional summer 2017 long-haul destinations, including Krakow - Chicago O’Hare services in August.
On January 31, it was reported (LOT) planned to lease 3 Boeing 787-9s from USA-based Aviation Capital Group (CGP) to further develop its long-haul fleet. Delivery of the 1st airplane is expected in March 2018.
News Item A-2: (LOT) Polish Airlines took delivery May 12 of its 1st Boeing 737-800, and expects to have 4 airplanes of the type by the end of June. “It is a historic moment and the 1st new airplane of the 737 family to join our fleet after >20 years, “Adrian Kubicki Director Corporate Communications, said. “In that way we prove that our profitable growth strategy has become a fact. The delivery of the 737-800 marks the launch of an ambitious program of our fleet development.”
In 2017, (LOT) is taking delivery of 4 737-800s, 2 787-8s and 2 737 MAX 8s. In 2018, (LOT) expects to take delivery of at least 3 additional 787-9s.
Starting in mid-May, (LOT) 737-800s will begin schedule services on the Warsaw - London Heathrow route, followed by flights to Paris Charles de Gaulle Airport and a new route to Astana, Kazakhstan. From June onward, (LOT) 737-800s will operate to Adolfo Suarez Madrid–Barajas Airport and to Tel Aviv. Starting in July, Barcelona and Frankfurt will be added as (LOT) destinations.
The 737-800s offer a capacity of up to 186 passengers, featuring a 3-class layout of business (C), premium economy (PY) and economy (Y).
In November, (LOT) is expecting the 1st of 2 737 MAX 8s to be delivered. (LOT) ordered 6 737 MAX 8s with the option of +5 more airplanes. All airplanes are leased from USA lessor Air Lease Corporation (ALE) for delivery in 2017 - 2020. The optioned airplanes are expected to be delivered in 2019 - 2020.
Network expansion has been a major element of the growth strategy (LOT) instituted at the start of 2016. (LOT) recently launched Warsaw - Newark services. Newark Liberty International airport is (LOT)’s 5th North American destination and 2nd new route to the USA (after Los Angeles) within 1 month.
By 2018, (LOT)'s fleet will comprise at least 51 airplanes.
News Item A-3: (LOT) Polish Airlines would like to simplify its aircraft inventory, but is unable to proceed because of existing leases and contracts, (CEO) Rafal Milczarski said May 16. Answering questions following a briefing in London, he said fleet rationalization would probably come in the regional aircraft sector. By the end of the year, (LOT) will be operating 24 Embraer E-Jets of various types, together with 10 Bombardier Dash 8-Q400 turboprops.
June 2017: (LOT) Polish Airlines could see its rapid growth pace slow down as Warsaw Chopin Airport reaches capacity. “I think the biggest challenge for (LOT) is airport capacity. All our new long-haul flights are doing well and are fully booked. Further growth depends on how we manage capacity restrictions at Warsaw. It is obvious the airport is nearing capacity,” (CEO) Rafal Milczarski said on the side lines of the (IATA) (AGM) in Cancun.
787-8 (35944, SP-LRG), delivery.
July 2017: News Item A: (LOT) Polish Airlines plans to launch its 1st transatlantic services from the Hungarian capital of Budapest to New York (JFK) and Chicago O’Hare, starting from May 2018.
(LOT), the Polish flag carrier said the move marks another stage of market consolidation in Central and Eastern Europe, in which (LOT) is becoming an undisputed leader.
(LOT) will operate 4x-weekly service from Budapest to New York (JFK) and 2x-weekly service to Chicago. (LOT) will base 1 Boeing 787 in Budapest.
(LOT) believes there is great potential in the Hungarian market; the last time it was possible to fly directly from Hungary to the USA was in 2011. Since then, despite the fact that no direct flights have been launched, the number of passengers traveling from Budapest to the USA has continued to grow, creating a large but so far untapped market.
(LOT) (CEO) Rafal Milczarski said, “>165,000 passengers travel between Budapest and New York and Chicago every year. Today, they connect mainly through Frankfurt, Paris, Amsterdam, and London (which makes their journey considerably longer. We believe the inhabitants of Budapest and the neighboring areas should offer a better product and thus we have decided to introduce direct flight connections between Hungary and the USA. Our strategy assumes taking up every business opportunity and we cannot waste such potential).”
He said the transatlantic connections from Budapest will supplement the flight offerings from Warsaw; however, they will not be in direct competition. After the flight connections between Hungary and the USA are launched, (LOT) will operate a total of 8 destinations in North America, including 7 in the USA.
On July 3, (LOT) launched weekly Krakow and Chicago services.
In June, (LOT) added its 7th Boeing 787-8 to its fleet (an 8th of the type is scheduled to be delivered in mid-July. Next year, 3 larger 787-9s will be added to the fleet.
News Item B: (LOT) Polish Airlines added its only long-haul route from Krakow (KRK) on July 3, launching a weekly (Mondays) year-round service to Chicago O’Hare (ORD), a 7,604 km city pair it last served in October 2010.
(LOT), The Star (SAL) Alliance member’s only other routes from Krakow are to Gdansk and Warsaw Chopin. Not only is this the sole long-haul route now on offer from Krakow, but it is also the airport’s exclusive wide-body service, with (LOT) Polish Airlines using its 3-class 787-8s on the route. When it last operated between Krakow and O’Hare, (LOT) used its 767-300s. With this launch, it means that (LOT) now offers 6 routes across the Atlantic on 38 weekly flights. With it also serving O’Hare, Los Angeles, New York’s (JFK) and Newark, plus Toronto Pearson from Warsaw Chopin. There are now 54 airports across Europe with at least 1 weekly flight to the USA.
737-9P (32802, SP-LWD), ex-(2-TBXT), AerCap (DEA) leased.
August 2017: News Item A-1 (LOT) Polish Airlines introduced Gothenburg (GOT) to its network this week, beginning a 6x-weekly service to Warsaw Chopin (WAW). Launched August 28, the 824 km route is already flown by Wizz Air (WZZ) 3x-weekly on A320s. “It is very pleasing for Swedavia to be able to offer more travelers a quick and easy line to the trendy and exciting city of Warsaw. It is also an important line for business (C) travelers in both Poland and Western Sweden,” said Charlotte Ljunggren, Director, Gothenburg Airport.
(LOT) will operate the route using 70-seat CRJ900s which it flies on behalf of Nordica (NAG), which on the same day began services to Gothenburg from Tallinn.
Gothenburg becomes (LOT)’s 2nd route to Sweden from Chopin, with (LOT) also serving Stockholm Arlanda with 3x-daily flights.
News Item A-2: (AFI) (KLM) (E&M) has a (LOT) Polish Airlines’ contract to provide Boeing 737NG and 737 MAX component support.
Click below for photos:
LOT-737 MAX 8 - 2016-10.jpg
LOT-737-400 - 2015-04.jpg
LOT-767 TO AIRCALIN
LOT-787 - 2011-10
LOT-787 - 2012-10
LOT-787 - 2013-05
LOT-787 - 2013-08
LOT-DASH 8-Q400NG - 2012-09
LOT-E175-200LR - 2011-11
LOT-E175SD - 2014-09
0 737-36N (CFM56-3C1) (2890-28668, /97 SP-LMC; 2897-28669, /97 SP-LMD), (GEF) 2 YR LSD, EX-(AVT), RTND. 145Y.
5 737-45D (CFM56-3C1) (2458-27131, /93 SP-LLA; 2492-27156, /93 SP-LLB; 2502-27157, /93 SP-LLC; 2589-27256, /94 SP-LLD; 2804-27914, /96 SP-LLE; 2874-28752, /97 SP-LLF; 2895-28753, /97 SP-LLG), 27156 WET-LST (UKA) 2003-12. 28753 WET-LST (CRM) 2003-12. 27156 RF (UKA) 2004-04. 28752 WET-LST (CWG) 2005-03. 28753; WET-LST (CWG) 2006-03. 27131; RTND 2010-06. 27256; RTND (GEF). ALL 737-400S TO BE PHASED OUT BY END OF 2012. 162Y.
0 737-4S3 (CFM56-3) (25594), EX-(IST), RTND (AFJ) 2000-10, LST (PAL).
0 737-5L9 (CFM56-3C1) (2998-28996, /98 SP-LKK), (MRS) LSD TIL 2004-04, 108Y.
0 737-53C (CFM56-3C1) (1894-24825, /90 SP-LKG; 2041-24826, /91 SP-LKH; 2243-24827, /92 SP-LKI), (FLL) LSD 2000-10, EX-(MNR), (ERA)/(DEA) LSD, 24826; 24827; WET-LST (SKP) 2004-05. 24825 WET-LST CIRRUS AIRLINES 2004-06. 108Y.
0 737-55D (CFM56-3C1) (2389-27416, /92 SP-LKA; 2392-27417, /92 SP-LKB; 2397-27418, /92 SP-LKC; 2401-27419, /92 SP-LKD; 2448-27130, /93 SP-LKE; 2603-27368, /94 SP-LKF). 27417; RTND (GEF) 2010-06. 108Y.
4 737-800 (CFM56-7B) (DEA) LSD (- (LOT) HAS THE OPTION TO SWAP THE 737-800s for 737 MAX 8s). 186Y,
2/8 ORDERS 737-85D (CFM56-7B26), 165Y:
1 737-9P (CFM56-7B) (32802, SP-LWD), AERCAP (DEA) LEASED 2017-07.
11 ORDERS (2017-06) 737 MAX 8, AIR LEASE CORPORATION (ALE) LSD:
2 767-25DER (CF6-80C2B4) (261-24733, /89 SP-LOA "GNIEZNO;" 266-24734, /89 SP-LOB "KRAKOW"), 12C, 190Y.
1 767-3P6ER (260-24484, SP-LPD), EX-(HGA), (PEB) LSD 2002-07, WET-LST (ZUA).
0 767-300ER (UKA) WET-LSD 2011-11 - 2012-01. 23C, 182Y.
0 767-306ER (592-26263, SP-LPG), (ILF) 2 YR LSD 2009-06. EX-(N261LF). WET-LST (TTA) 2009-12.
0 767-319ER (CF6-80C2B6F) (413-24876, /92 SP-LPF), EX-(ANZ), (ILF) 3 YR LSD 2006-04 & 2006-05. 24C, 212Y.
0 767-341ER (CF6-80C2) (314-24843, /90 SP-LPE), EX-(VAR), ITOCHU LSD 2005-03. STAR ALLIANCE LIVERY. RTND 2008-10. 10F, 18C, 185Y.
0 767-35DER (CF6-80C2B6) (322-24865, /90 SP-LPA "WARSZAWA;" 577-27902, /95 SP-LPB "GDANSK;" 659-28656, /97 SP-LPC "POZNAN"), 1 TO (ARG). ALL 767'S (ETOPS). 27902 RF (ZUA) 2002-07. 28656 WET-LST (HOL) 2004-10. 27902; WET-LST (NCI) 2005-11. 28656; WET-LST (ITZ) 2005-12 TIL 2006-05. 28656; WET-LST (BBR) 2006-12 FOR WINTER. 18C, 225Y.
1 777-212ER (TRENT 884) (144-28513, /98 CS-TFM), 2010-01. LST (MAD) 2011-09 FOR 1 YR. WET-LST (LOT) 2013-05. 30C, 293Y.
9 +2 OPTIONS 787-85D DREAMLINER (TRENT 1000) (35938, SP-LRA - - SEE ATTACHED PHOTO - - "LOT-2012-11 - 1ST 787;" SP-LRB; SP-LRC; 35941, SP-LRD, 2013-06; SP-LRF, 2014-04; 35944, SP-LRG, 2017-06), 18C, 21PY; 213Y.
4 787-900 (TRENT 1000), AVIATION CAPITAL GROUP (CGP) LSD (2018-03). 294 PAX, 24C, 21PY, 249Y.
00 DC-10-30, (MAS) WET-LSD, 1 RTND.
1 A330-200, (LXA) LSD TO REPLACE GROUNDED 787. 18C, 288Y.
0 TU-134A (BEING REPLACED BY 737'S), SOLD 4.
0 ATR 42-200/-300 (PW120) (024, EX-CIMBER; 031, EX-MED AIR), 1999-08. (516, SP-EDA; 522, SP-EDB; 526, SP-EDC; 530, SP-EDE). 080 RTND 2002-10. AERO INTNL LSD. RTND 5 LSD TO ATR & REPLACED WITH -500'S. EUROLOT OPS. 48Y.
0 ATR 72-202 (299, SP-EFK), OPS BY EUROLOT, TO BE PHASED OUT AND REPLACED BY BOMBARDIER DASH 8-Q400 2014-04. ALL 11 SOLD 2015-03. 64Y.
3 BOMBARDIER CRJ900.
7 +6/12 ORDERS BOMBARDIER DASH 8-Q402NG (4411, SP-EQD; 4417, SP-EQE; 4422, SP-EQF), 2012-08, OPS BY EUROLOT.
5 ERJ-145EU (AE3007A1) (155, /99 SP-LGA; 165, /99 SP-LGB; 244, /00 SP-LGD; 227, /00 SP-LGC; 285, /00 SP-LGE; 308, /00 SP-LGF; 319, /00 SP-LGG; 329, /00 SP-LGH; 336, /00 SP-LGI; 339, /00 SP-LGK; 406, /01 SP-LGL; 408, /01 SP-LGM; 441, /01 SP-LGN; 560, /02 SP-LGO; /03 SP-LGP; /03 SP-LGR). 155 RTND 2005-05. 165; 227; RTND 2005-10. 48Y.
10 +11 OPTIONS EMBRAER E170 (CF34-8E) (00024, SP-PDB; 00025, SP-LDC; 00027, SP-LDD, 2004-04; 00029, SP-LDE, 2004-06; 00035, SP-LDF, 2004-06; 00073, SP-LDI, 2005-04; 00074, SP-LDK, 2005-05; 0306, SP-LIL, 2010-05; 0311, SP-LIM, 2010-05; 0313, SP-LIN, 2010-09). OPTIONS MAY BE -190'S OR -195'S. 0313 REPAINTED INTO "BLACK ENERGY/MIKE TYSON" COLORS 2013-06. 82Y.
12 EMBRAER E175 (CF34-8E) (00125, SP-LIA, SEE PHOTO, 2006-05; 00132, SP-LIB, 2006-06; 00136, SP-LID, 2006-06; 00154, SP-LIF, 2007-02; 0283, SP-LIG, 2009-09; 0288, SP-LIH, 2009-09; 0290, SP-LII, 2009-08; 0303, SP-LIK, 2009-12; 0306, SP-LIL, 2010-05; 0311, SP-LIM, 2010-05), PLL (LOT) 7 YR LSD 2006-05. 0283; ST POLISH GOVT - - SEE PHOTO - - "LOT-EMB-175-200LR - 2011-11." 82Y.
10/2/10 ORDERS EMBRAER E175 (CF34-8E), 82Y:
2 EMBRAER E175, (GEF) LSD. 82Y.
3 +1 ORDER EMBRAER E195, 112 PAX.
Click below for photos:
LOT-1-Rafal Milczarski - 2016-01.jpg
LOT-1-Sebastian Mikosz - 2015-07.jpg
LOT-7-ROBERT GROCHOWSKI - EUROLOT
RAFAL MILCZARSKI, CHAIRMAN (2016-01).
Rafal co-founded Baltic Rail, one of the first private cargo railway carriers in Poland. He also founded freight rail carrier, Freightliner PL, and was founder and former (CEO) of Freightliner DE, a German subsidiary of Freightliner PL.
PIOTR SIENNICKI, PRESIDENT.
MARCIN CELEJEWSKI, ACTING CHIEF EXECUTIVE OFFICER (CEO).
Marcin has been recalled from the position of President of the management board and Chief Commercial Officer (CCO).
Marcin replaced Sebastian Mikosz, who resigned in August 2015. Mikosz had been (LOT)’s 13th (CEO) and had been widely credited with turning around the company under his current leadership.
MARIUSZ DABROWSKI, PRESIDENT & (CEO) REGIONAL SUBSIDIARY, EUROLOT.
BORYS BUTA, CHIEF OPERATING OFFICER (COO) (2016-01).
Borys is a lawyer and former (CEO) of Air Transport Support. He has been a representative of the board of (LOT) Travel.
MS MONIKA KIELTYKA-MICHNA, CHIEF CORPORATE OFFICER (2016-01).
Monika has been recalled from a position of a member of the board.
PIOTR IKANOWICZ, FINANCE DIRECTOR.
MICHAL JASZCZYK, CHIEF COMMERCIAL OFFICER (CCO).
BOGDAN PAPIS, VICE PRESIDENT SPECIAL PROJECTS (WAWNTLO),
BARTLOMIEJ MATUSEWICZ, VP EUROLOT.
ROBERT GROCHOWSKI, MAINTENANCE DIRECTOR EUROLOT (LOT) AIRCRAFT MAINTENANCE SERVICES (LOTAMS).
ADAM BERZOWSKI, DIRECTOR FLIGHT OPERATIONS (email@example.com).
ADRIAN KUBICKI, DIRECTOR CORPORATE COMMUNICATIONS.
KRZYSZTOF LENARTOWICZ, DIRECTOR FLIGHT CREW.
WIESLAW WYPYCH, MAINTENANCE DIRECTOR (firstname.lastname@example.org) (LOT) AIRCRAFT MAINTENANCE SERVICES (LOTAMS) (2000-10).
KRYZSZTOF ZIEBINSKI, INDUSTRY AFFAIRS & ALLIANCE STRATEGY DIRECTOR.
MICHAL SZALBOT, DIRECTOR MAINTENANCE CONTRACTS (email@example.com).
(LOT) AIRCRAFT MAINTENANCE SERVICES (LOTAMS) .
BOSENA BOLEK, INFORMATION TECHNOLOGY (IT) STRATEGY DIRECTOR.
KRZYSZTOF MOCZULSKI, DIRECTOR PRODUCT & CUSTOMER EXPERIENCE BUREAU.
TOMASZ DAKOWSKI, SALES DIRECTOR.
FRANK JOOST, REGIONAL SALES DIRECTOR USA, CANADA, & LATIN AMERICA.
KAZIMIERZ SZOSTAK, AIR SAFETY MANAGER (firstname.lastname@example.org).
TOMASZ SMOLSKI, 767 FLIGHT CREW MANAGER.
ALOGZY BYLOK, 737 FLIGHT CREW MANAGER.
ROMAN MAZUR, ENGINEERING MANAGER (1996-10).
KRZYSZTOF CZERNIAWSKI, MAINTENANCE MANAGER (email@example.com).
(LOT) AIRCRAFT MAINTENANCE SERVICES (LOTAMS).
TOMASZ JEDRZEJEC, MANAGER PRODUCTION PLANNING & CONTROL.
(LOT) AIRCRAFT MAINTENANCE SERVICES (LOTAMS).
JACEK PARADOWSKI, QUALITY ASSURANCE (QA) MANAGER.
TOMASZ STAFIEJ, LOGISTICS ENGINEERING MANAGER (WAWNTLO) (firstname.lastname@example.org).
MS LIDIA EKERT, TECHNICAL PUBLICATIONS MANAGER (1997-05).
SYLVESTER PRZBYLEK, COMPUTING SERVICES MANAGER (email@example.com).
WOJCIECH JAGIELLO, ALLIANCES & INTERNATIONAL RELATIONS MANAGER, NETWORK, FLEET & ALLIANCES.
WOJCIECH STRADOWSKI, WORKSHOP MANAGER (2016-01).