After receiving a $127 million emergency loan from the Polish government, LOT Polish Airlines will be restructured by the state to return to profitability. LOT announced in December that it had lost passengers during the second half of 2012 leading to heavy losses that required state aid to keep the airline flying. LOT lost 200 million zlotys ($63.7 million) during 2012. The Polish government holds 93% of LOT’s shares. The state-backed loan may be declared an illegal subsidy by the European Commission. The government has stated that the airline needs to be restructured with a view to privatizing it. The
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