THE CASE OF LOT--POLAND

This paper discusses the privatization of Poland's national airline - LOT. The parliament in Poland passed an act to "privatize" LOT in 1991. In Poland, as in most nations that privatize, the government still retains control - it owns 51% of the airline. The strategy in Poland has been to increase the market value before they put it on the market. The airline's productivity has improved markedly due to new aircraft and a reduction in labor force. The output per employee is much higher than it has been. Their passenger and cargo volumes appear to be stabilizing. LOT turned a profit last year; though their debt burden is still pretty substantial.

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  • Supplemental Notes:
    • This paper was presented in Forum Session "Privatization of National Airlines: a Look at Poland, Hungary, the Czech Republic, Slovakia, and Argentina". These proceedings, Volume 8 of the TRF 36th Annual Conference, were funded for publication by the UPS Foundation.
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    Transportation Research Forum

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  • Authors:
    • Crum, M
  • Conference:
  • Publication Date: 1994

Language

  • English

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Filing Info

  • Accession Number: 00727122
  • Record Type: Publication
  • Report/Paper Numbers: Volume 8
  • Files: TRIS
  • Created Date: Oct 24 1996 12:00AM