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Turkish Airlines Remains Sole Bidder for Polish LOT, Says

Turk Hava Yollari AO, known as Turkish Airlines, is the only prospective bidder for a stake in Poland’s state-owned carrier, Polskie Linie Lotnicze LOT SA, Rzeczpospolita reported, citing a Treasury Ministry spokeswoman.

The ministry will pick an adviser for the sale on May 14, Rzeczpospolita cited Magdalena Kobos as saying. Turkish Airlines completed a due-diligence process on LOT in March, the newspaper reported, without saying where it got the information. Kobos didn’t answer a call to her mobile phone today.

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