Polish Aviation Group is Poland's largest aviation company. It was founded in 2018 with an aim to merge Polish companies including

LOT Polish Airlines LOT Polish Airlines, legally incorporated as Polskie Linie Lotnicze LOT S.A. (, ''flight''), is the flag carrier of Poland. Established in 1928, LOT was a founding member of IATA and remains one of the world's oldest airlines in operation. Wit ...

, LOT Aircraft Maintenance Services, LS Airport Services and LS Technics. The group's headquarters are in Warsaw.

History

PGL (Polska Grupa Lotnicza) was formed in January 2018 and consists of

, LOT Aircraft Maintenance Services and LS Airport Services and LS Technics which were merged into the group in early October 2018. Its CEO is Rafał Milczarski. It was started with a capital of PLN 1.2 billion (EUR 290 million) as a

joint stock company A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders are ...

in January 2018. The new state-owned Polish Aviation Group (PGL), endowed with capital of PLN 2.5 billion, brings together the country’s largest aviation service providers. On 24 January 2020 PGL announced that it would acquire

Condor Flugdienst Condor, legally incorporated as ''Condor Flugdienst GmbH'' and stylized as condor, is a German airline established in 1955 with Frankfurt Airport being its main base. Condor offers scheduled flights to leisure destinations and operates, from Ge ...

, and that the transaction was expected to be completed in April 2020 after consideration from anti-trust regulators. On 2 April 2020 it was announced that the sale had fallen through.

Corporate Affairs

Divisions and Subsidiaries

Their main subsidiaries are: *

* * Nordica 49% Stake * * LOT Aircraft Maintenance Services * * LS Airport Services * * LS Technics * * PGL Leasing *

Financial Results

Operations

In 2019, LOT Polish Airlines served 10 million passengers which was their highest amount yet.

References

{{Navbox Airlines of Poland Airlines of Poland Airlines established in 2018 Polish companies established in 2018 Manufacturing companies established in 2018 Manufacturing companies of Poland Polish brands