Polish Flag Carrier Explores Acquisition of Smartwings Amid Central European Expansion Plans

Polish flag carrier LOT is said to be nearing the acquisition of Smartwings, the largest airline in the Czech Republic. LOT has a history of expanding into Central European markets, and the acquisition could further solidify its position in the region. According to Polish media, LOT’s CEO Michał Fijoł was in Prague to negotiate the terms of the acquisition. Smartwings, which focuses on leisure travel, has a fleet of 41 active aircraft. The acquisition is not the first attempt by LOT to enter the Czech market, as the airline previously explored setting up a base in Budapest and launching nonstop flights to the US. Money.pl reported that LOT’s CEO was in Prague to discuss the acquisition, which has been speculated about in the past. LOT has partnered with Polish tour operator ITAKA to launch a charter airline using A320 aircraft wet-leased from Electra Airways. The acquisition is expected to be finalized if negotiations are successful.