LOT Polish Airlines Spin-Off Eurolot to Cease Operations
Eurolot, a Polish regional carrier based in Warsaw, announced it will cease operations and liquidate on March 31, 2015. The move follows several years of financial difficulties for the airline.
The Warsaw-based carrier currently operates short-haul flights for LOT Polish Airlines as well as some flights under its own brand. It is based at Warsaw Frederic Chopin Airport, where it is the second largest carrier, and has hubs at John Paul II Kraków Airport and Gdańsk Lech Wałesa Airport. It operates a fleet of 11 Bombardier Q400 twin-engine, medium-range, turboprop airliners.
The airline is not accepting any new bookings for any time after March 31 and it says it will refund those already booked.
Eurolot was founded in 1996 as a wholly-owned subsidiary of LOT. Currently, the Polish government holds a 62.1% stake in the airline. Eurolot’s aircraft will be transferred to LOT.
(Photo: Accura Media Group)