50 SKY SHADES - World aviation news

New CEO of LOT Polish Airlines eyes growth with fleet overhaul

Download: Printable PDF Date: 05 Jun 2016 02:30 category:
Publisher:
New CEO of LOT Polish Airlines eyes growth with fleet overhaul - Airlines publisher
Tatjana Obrazcova
Country: Poland Aircraft: Airplanes Airline: LOT Polish Air
Source: Reuters

LOT Polish Airlines is planning an overhaul of its narrowbody fleet with the addition of some more aircraft to better compete with low-cost rivals in the fast-growing eastern European market and add routes out of its Warsaw hub, the carrier's new chief executive said on Saturday.

"We are interested in increasing the significance and scope of our hub in Warsaw," Rafal Milczarski, who took up his post at the end of January, told reporters at an event in Zurich hosted by the Star Alliance grouping of international airlines.

He said due to previous management issues and some technical problems, state-owned LOT had not made the most of the fast-growing market for travel demand in eastern Europe, unlike low-cost rival Wizz Air.

Ireland's Ryanair is currently the market leader in Poland with a market share of over 30 percent and is challenging LOT by moving domestic Polish flights to Warsaw Chopin airport, from Modlin.

LOT is also at a disadvantage because it flies busy routes with smaller Embraer regional jets while rivals use larger Boeing 737s, Milczarski said, meaning adding new planes was a priority.

As a result he said he had been speaking to lessors about narrowbody options at the IATA airlines industry association gathering in Dublin earlier this week.

"A decision will be taken very shortly and the aircraft will arrive in our fleet in the first quarter of 2017," he said, adding that the group wants to double or triple the size of its narrowbody fleet, which currently consists of just three 737s.

LOT's widebody fleet will also rise to eight aircraft when two new 787 Dreamliners enter the fleet next year.



Loading comments for New CEO of LOT Polish Airlines eyes growth with fleet overhaul...


Recommended

Airbus delivers its first A350-1000 to launch customer Qatar Airways

The carrier shapes the future of air travel with leading A350 XWB widebody fleet Airbus has delivered the world’s first A350-1000 widebody airliner to launch customer Qatar Airways at a deliv...

Bell Helicopter rebrands to “BELL”, reflecting expanded vision for the future

INDUSTRY LEADER IN ADVANCED TECHNOLOGY AND INNOVATION MODERNIZES ITS IDENTITY Bell Helicopter, a Textron Inc. company and major global aircraft manufacturer, revealed it has rebranded to...

Bell to showcase vertical lift innovations at HAI Heli Expo 2018

Bell Helicopter will display its new air taxi cabin, along with the Bell 505 Jet Ranger X and Bell 525 Relentless from booth # C5122 at Heli Expo 2018, which takes place at the Las Vegas Convention Ce...

Satcom Direct marks a decade as an Inmarsat Connected Partner for SwiftBroadband

Satcom Direct (SD), the business aviation connectivity provider, is celebrating 10 years of partnership with global mobile satellite communications business Inmarsat.  The milestone annivers...