euroLOT folds after financial struggles

Polish regional air carrier euroLOT will cease operations. The airline has blocked all bookings beyond 31 March 2015, polish newspapers reports. All reservations already afterwards will be refunded, euroLOT promised.

Adam Ambrozik, head of a restructuring department at the Treasury Ministry, expected the move: “For two months we analyzed various options concerning Eurolot’s activities but we saw no way of making the airline profitable.“ The treasury had a 62.1 percent stake in the airline.

All aircrafts flown by euroLOT will be transferred to LOT Polish Airlines. The fleets consists of 11 Bombardier Dash-8Q-400, 21 ATR42/72 (leased to other operators) and two Embraer 170 (leased to LOT).