LATE IN JANUARY, AN INTERESTING combination of airlines was announced. Polish Aviation Group (PGL), the parent of LOT Polish Airlines, confirmed that it plans to buy German airline Condor, doubling the company's size and adding a leisure market portfolio to the growing business. If all goes well, the deal should close by the end of April. The combination is interesting because it sheds light on aeropolitical trends in Europe. LOT is an airline that was on the brink of collapse in 2014, rescued only by a €200 million ($220 million) capital increase subscribed by its sole shareholder, the Polish government.
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