Gość: kix
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23.04.04, 18:36
23rd April 2004
Airpolonia plays down deal with mystery investor while debts keep piling up
From Poland A.M.
No-frills airline Airpolonia has signed an agreement with an undisclosed
investor, although unofficial sources have suggested that Jordan's Crescent
Venture Partners had expressed interest in purchasing a stake in the firm.
However, other sources claim that Airpolonia has also been in negotiations
with a carrier from the UK and Ireland. "We have signed a confidential
agreement, but full information will be provided in May," said Jan Litwiński,
Airpolonia's president. The budget airline is somewhat in need of a cash
injection, as, according to a sector representative, its debts currently
exceed zł.47 million. Indeed, in 2003, the company recorded a net loss of
zł.6.8 million. However, Litwiński commented, "Please show me a carrier that
does not incur losses in the preliminary stage of its operations." (Puls
Biznesu, pp. 1, 14)