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Investing.com -- Airbus (EPA:AIR) secured an order for 40 A220 jets from LOT Polish Airlines on Monday, marking the largest investment in the Polish national carrier’s history.
This deal, which follows a competitive contest between Airbus and Brazil’s Embraer, represents a shift away from LOT’s traditional reliance on non-European airplane suppliers.
Polish Prime Minister Donald Tusk announced the agreement on social media platform X, stating: "This is the largest investment in the history of the Polish national carrier. We are building a leader in air transport in Europe."
The order comes as Warsaw aims to develop an ambitious new East European hub. Industry observers note the agreement may also signal improving political relations between Poland and France.
LOT executives emphasized that the selection of the A220 was based solely on economic considerations. CEO Michal Fijol told Reuters: "I only do numbers." He added that Airbus’ approximately 130-seat small jet narrowly outperformed the smaller Embraer aircraft in their evaluation.
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