EuroLOT (eurolot.com) (Warsaw) is giving up in its financial struggle. According to Radio Poland, the struggling airline is not taking any reservations past March 31.
According to report, the airline has been exploring its options for the past two months and concluded it could not make the company profitable. The state airline will be liquidated. The treasury of Poland controls 62.1 percent of the shares.
BlueSky Airlines (Grand Cayman, Cayman Islands) is a new proposed airline. According to the Polish passer.com news site, the new airline will wet lease two Bombardier DHC-8-402s (Q400s) from EuroLOT (eurolot.com) (Warsaw) starting in October in order to commence scheduled passenger operations.
Eurolot (eurolot.com) (Warsaw) has converted options on six Bombardier DHC-8-402s, marketed as the Q400 NextGen airliners, to a firm order that will increase its fleet to 14 aircraft.
Eurolot’s firm order for eight airliners with 12 options was announced on March 9, 2012, and delivery of the first aircraft was announced on May 17, 2012.
Including this transaction, Bombardier has booked firm orders for 460 Q400and Q400 NextGen turboprops,and delivered aircraft are in service with more than 40 operators in 33 countries, on six continents. These aircraft have transported more than 227 million passengers and have logged more than 3.5 million flight hours and over 3.8 million take-offs and landings.
EuroLOT (eurolot.com) (Warsaw) took delivery of its first three new Bombardier DHC-8-402s (Q400s) in May with the pictured SP-EQA (msn 4406) arriving first on May 18. The carrier opened new routes to Amsterdam from Gdansk (three flights a week) and Krakow (four flights a week) and to Bremen from Gdansk (three flights a week) on June 6.
Copyright Photo: Ton Jochems. The arrival of the Q400s spawned this updated 2012 livery which now features web titles and a reverse red and white tail logo.
EuroLOT (Warsaw) on March 9 signed a firm order to acquire eight Bombardier DHC-8-402 (Q400) NextGen turboprop airliners. The transaction includes options for an additional 12 Q400 NextGen aircraft.
Based on the list price for the Q400 NextGen airliner, the firm order contract is valued at approximately $246 million U.S. The contract value would increase to $625 million U.S. should all 12 options be converted to firm orders.
EuroLOT began operations on July 1, 1997 and currently operates a fleet of 14 aircraft serving both domestic and international destinations.
EuroLOT (Warsaw) has received permission from Poland’s treasury to acquire eight Bombardier DHC-8-402s (Q400s). The Q400s are expected to replace some of the existing ATR 42s and ATR 72s.
Read the full report from the Warsaw Business Journal: CLICK HERE
EuroLOT was established on December 19, 1996 and commenced scheduled operations on July 1, 1997. EuroLOT was established as a wholly owned subsidiary of LOT Polish Airlines. Currently its current main shareholder is the Polish State Treasury with 62.1% of the stock, while LOT retains 37.9%. It operates for its parent company.