Polish Flag Carrier Expands into Czech Market Amid Speculation
Polish flag carrier LOT is reportedly nearing the acquisition of Smartwings, the largest airline in the Czech Republic. LOT’s CEO Michał Fijoł was in Prague to negotiate the terms of the acquisition, which has been speculated about in the past. Smartwings has a fleet of 41 active aircraft and operates primarily in the leisure travel market. The acquisition is not the first attempt by LOT to expand into Central European markets, with the airline previously considering a base in Budapest and launching nonstop flights to the US.