The Valruzian Economist || Economic News From ValruziaLOT GROUP'S LOW COST SUBSIDIARY TO ENTER TUKARESE MARKETNowogard/Sangon,
September 4330NOWOGARD - Flag carrier of the Republic of Valruzia LOT Valruzian Airlines announced plans on Monday to enter the Tukarese market in January the upcoming year, betting on increasing demand for regional flights across cities in Tukarali and passengers demand for more connection possibilities with Tuarali's neighbors, the Valruzian giant announced the establishment of low-cost Tucan Air.
LOT Group will invest 300 million VPO and will initially create 200 jobs for pilots and crew members in Tukarali. LOT's management is also willing to make the route between Sangon and Nowogard one of the most popular among passengers. Sangon which will act as the main hub of the new airline will also be connected with Brzansk, Gryfitow, and Hel.
President of LOT has big hopes for the planned investment as the recent years have been rather stagnant for the Valruzian airline, especially after the final withdrawal from the Dorvish market, it is crucial for the airline to look for another chance of growth. Jarosław Biernacki, who is the acting President of LOT Group said that the planned investment is the biggest single market investment since the deal with Dorvish AIrways when LOT invested over 250 million investment in Dorvik.
Sangon is one of Seleya's main air traffic hubs for central Seleyan destinations. The International Airport in Sangon served 13 million people last year, it may seem less than 25 million passengers serviced by Ignanski International Airlines but it is still one of the busiest airlines in Seleya.
LOT's expansion to the neighboring Democratic Republic of Tukarali has shielded it from fierce competition in the Artanian Continent and LOT's plan is to spread its services across Seleya. Initially, the Valruzian LOT Group plans to equip the new airline - Tucan Air - with 20 new Reglair i4 Nova which is the newest member of the i4 family. The plane is the first plane designed by Reglair after the company's move to Valruzia. Planes will be able to take 160 passengers on board and fly the distance of 6 thousand kilometers, more than enough to cover the routes within Tukarali and even international routes.