Poland’s LOT strikes compensation deal with Boeing over Dreamliners
December 11, 2013
The Polish government is satisfied with the compensation settlement signed by flagship carrier PLL LOT and U.S. aircraft maker Boeing,
the daily Rzeczpospolita reported citing Treasury Minister Wlodzimierz Karpinski said.
The troubled national carrier LOT Polish Airlines said that on Monday it had agreed with Boeing on compensation for the faults that grounded its 787 Dreamliner jets earlier this year.
"I can confirm that the agreement was signed yesterday, but we cannot reveal the details," LOT spokeswoman Barbara Pijanowska-Kuras said.
The daily Rzeczpospolita estimates the value of the settlement at some PLN 100 mln, i.e. the amount of losses caused by the problems with Boeing's Dreamliner airplanes.
Karpinski said in June that more than 100 million zloty in compensation was being sought.
LOT received about 400 million zlotys in state-aid last year.
The airline will likely still need another tranche of state aid, despite the gradual improvement of results, but the amount thereof may be lower than planned, the minister added.
The European Commission in November launched an investigation into whether Poland broke competition rules when it injected the money into the airline.