WARSAW: CEO of Poland’s flagship airline PLL LOT Sebastian Mikosz surprisingly tendered resignation from his post effective September 18, LOT press office said on Tuesday. The reason behind the resignation is the completion of the CEO’s mission at LOT, the press office said citing Mikosz’s justification.
“This mission consisted in saving the firm from bankruptcy, devising and implementing a restructuring plan in the EU frame of state aid and finding an investor thanks to which LOT could enter a development path as of 2016,” the press office said.
On Tuesday morning the Polish press reported that Poland’s Treasury Ministry may fail to end the decision process on the way of privatizing LOT before the parliamentary elections, citing a letter Treasury Minister Andrzej Czerwinski wrote to Indigo Partners, a fund interested in investing in the airline. The letter apparently surprised the fund, which in response pointed to months of ongoing negotiations and pledges the investor has already made.
Minister Czerwinski seems to oppose the very idea of selling the airline to a foreign investor, the daily Parkiet wrote citing a person close to LOT.
