EU Commission approves LOT state aid

The European Commission has concluded that restructuring aid of PLN 804 million (around €200 million), which the Polish government plans to give to national flag carrier LOT, is in accordance with EU state aid rules. The Commission found that LOT’s restructuring plan will allow the company to become viable in the long-term without unduly distorting competition in the EU Single Market. Commission Vice President in charge of competition policy Joaquín Almunia said: “LOT has prepared a credible restructuring plan that should make it a viable company in the near future. At the same time, it gives up some profitable routes