Polish state controlled EuroLOT to be liquidated and will shut down on 31st March – @thenews_PL

EuroLOT, based in Warsaw, is giving up in its financial struggle. According to Radio Poland, the airline is not taking any reservations after the 31st March,

According to a latest report, the airline has been exploring many options for the last few months and has concluded it could not make the company profitable. The state airline will be liquidated. The treasury of Poland controls 62.1% of the shares.

EuroLOT currently operates 11 De-Havilland-Canada DHC-8-400s, (1 in storage since December 2014). The airline has 20 destinations across Europe. The airline overall has operated a fleet of 36 aircraft in its 19 years of service including ATR42 and ATR72s, which since has been sold on to other airlines or stored and scrapped.