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Copy of LOT presentation
Transcript of Copy of LOT presentation
1928 - The Department of Civil Air Transportation in the Ministry of Transportation develops a programme of fundamental changes to take place in the Polish air transportation: closing of all private air transportation companies. One state self-governed enterprise is established on 29 December 1928 called Linje Lotnicze LOT Sp. z o. o. [LOT Airlines Ltd.]
1931 - Recognition of the “crane” as the emblem of LOT Polish Airlines.
During war operations in September 1939, 16 out of 26 airplanes constituting the Polish fleet are interned in Romania. Evacuation of most of LOT’s employees and movable property. During the WWII all LOT’s hangers and airport buildings are destroyed.
1945 - Reactivation of the pre-war company: Polskie Linie Lotnicze LOT Sp. z o. o. [Polish Airlines Ltd.], under compulsory state control.
16 april 1973 - establishment of a regular connection: Warsaw-New York
18 November 1999 – the Minister of the State Treasury signs agreements for the sale of LOT’s shares to Swiss SAirGroup Holding. Privatisation of the Polish airlines starts. At the same time, LOT Polish Airlines concludes an agreement with SAirGroup for strategic cooperation and an agreement for joining the world’s largest airline alliance, namely the Qualiflyer Group, which takes place on 1 January 2000. Despite selecting a foreign investor, LOT fully preserves its identity and the Polish character.
26 October 2003 - LOT becomes a member of Star Alliance, the world’s largest alliance of airlines, the members of which set the highest standards in world’s aviation industry.
LOT Polish Airlines wins the prestigious Business Traveller Award for “Best Eastern European Airline” for the twelfth time in a row. An advertising campaign for LOT Polish Airlines featuring famous London black cabs is launched on the streets of London
Boeing 787 "Dreamliner"
presented by ...Dariusz Mikrut
Fleet of LOT
BOEING 737 500
Thank you for using our airlines
Vision for Lot
LOT Polish Airlines is a carrier preferred by customers flying to and from Poland
Mission for Lot
LOT Polish Airlines in the most effeLOT Polish Airlines in the most effective and innovative way meets the transportation needs of individual and corporate customers flying to and from Poland.
It does so both in terms of quality of service and value for money, thus becoming the “first choice carrier”. Customer loyalty guarantees a continuous growth of operational income and maximum return on shareholders’ equity
Information about Today's Lot
In January of 2009, the company celebrated its 80th anniversary.
In May of 2009, the company set up the Lot Charters division
Lot launches 3 new destinations during 2009
By June 9th Lot declares bankruptcy in Centralwings & May 20th for LOT Ground Services.
Postwar communist Poland
After WWII, the Soviet Union instituted a new communist government in Poland
1952, The People's Republic of Poland was officially proclaimed
1980, Labour turmoil led to the formation of the independent trade union "Solidarity"
1989, solidarity triumphed in parliamentary elections
1990, Lech Wałęsa , a Solidarity candidate, won the presidency
collapse of communism across Eastern Europe.
Present day Poland
Leszek Balcerowicz’s shock therapy programme during the early 1990s transform Poland’s economy into a market economy.
temporary slumps in social and economic standards
the first post-communist country to reach its pre-1989 GDP levels
improvements in other human rights
1991, became a member of the Visegrád Group
1999, joined the North Atlantic Treaty Organization (NATO) alliance
1 May 2004, Poland become a full member of EU
One of the healthiest economies of the post-communist countries
one of the fastest growing countries within the EU.
the only member of the European Union to have avoided a decline in GDP during the late 2000s recession.
In 2009 Poland has had the greatest GDP growth in the EU.
The privatization of small and medium state-owned companies
liberal law on establishing new firms
development of an aggressive private sector.
consumer rights organizations have appeared.
large number of private farms in its agricultural sector
potential to become a leading producer of food in the European Union.
Since joining the European Union, many workers have left to work in other EU countries because of high unemployment
with the rapid growth of the salaries, booming economy, strong value of Polish currency, and quickly decreasing unemployment, exodus of Polish workers seems to be over
In 2008 people who came back outnumbered those leaving the country.
The most notable task on the horizon is the preparation of the economy to allow Poland to meet the strict economic criteria for entry into the Eurozone.
Poland is likely to adopt the euro in 2012 or 2013. Some businesses may already accept the euro as payment.
Poland’s actual state and future forecast
GDP(2009):528.1billion (18th in the world)
Real GDP growth:4.8 →the only economic positive growth in EU in the financial crisis
(the immigrant of labor)
Main industry: machinery, transportation, equipment
Became a member of EU in 2004
Poland’s labor force
The wage are low
The people are intelligence
The companies set their new factories here,ex:motorola,IBM
FDI is flowing into the country!!!
Main industries of FDI
LED and TV moniter
FDI continue growing due to the good geographic position and lower income paid to labor
Well done of privatization of industries
Great potential market
Stable politic situation
A law that request people put 90of the retirement pay into the investing activities
→all of these lead to a promising economic status
Ex: Customer service center gradually moves from Ireland to Poland
Poland’s future forecast
The industrial trend in the future tend to aims at
research and development center
The European Championship will hold by Poland and Vitayu in 2012
→flourish the tourist industry
→government had started building the infrastructure, hence creats job openings and promotes the economic stander indirectly
Polish market SWOT analysis from the perspective of an investor
a big market (38 Million people)
growing GDP (the only country in the EU with positive GDP growth in 2009-1,2%)
provides access to Russia and western countries, including Germany, an important marekt
European Union member since 1 May 2004
low competition in many industries
very little terrorist attack threat
stable and moderate inflation, about 2%
relatively low purchasing power of consumers
relatively low GDP per capita (71st place in the world)
high taxation VAT 22%, CIT 19%, PIT 19%
unstable and unclear legal laws
Poland will be the host of the European Football Championship in 2012
Poland is preparing to enter the Euro zone, which may cause prices and earnings to grow
Due to its demographics ( 38 Mln people and growing birth rate) it may become in the future one of the main European markets
During the next few years analysts forecast GDP growth in Poland between 2 and 5 % while stagnation in the western countries is very probable
It is easier to win over an immature market than mature one like Germany or Great Britain
consumption in Poland is growing
plethora of skilled and young labour force (30% of high-school graduates go to collage)
developing services. For example retail shops employed 1.35 million workers in 1999, or 13.9 percent of all employed in the economy. The employment in this sector increased by 20 percent between 1995 and 1999.