Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Airline company Polskie Linie Lotnicze, also known as LOT Polish Airlines, is to launch several new flights from its base in Budapest Airport. As part of the business expansion of its operations in Budapest, the company intends to hire 60 pilots and 150 flight attendants by the end of summer 2020. From March 2020, the company will operate flights to Prague, Stuttgart, Belgrade and Sofia. Due to delays in aircraft delivery, flights to Bucharest and Brussels will launch as well in March 2020.
This restructuring event constitutes an ongoing effort to expand operations in Budapest. In fact, the company launches direct flights to Seoul in September 2019 and intends to purchase several jets for new flights across Europe.
Eurofound (2019), Polskie Linie Lotnicze LOT, Business expansion in Hungary, factsheet number 98368, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98368.