Aid package to LOT Polish Airlines (PLL LOT)
With the approval of the European Commission, LOT Polish was granted state aid in the amount of PLN 2.9 billion in light of the global pandemic. The aid package consists of (1) an increase in the share capital by the State Treasury by PLN 1.1 billion and (2) a PLN 1.8 billion loan that will be granted by the Polish Development Fund. LOT has committed to repay the majority of the aid value, including interest, within six years. It does not include environmental conditions.
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