LOT Polish Airlines (LO, Warsaw Chopin) and other Polish state-owned air-transport assets could be merged into one single holding company valued at EUR2.5billion (USD3.38billion) which would then be privatized, Polish daily Rzeczpospolita has reported. Though infrastructural assets would be omitted from the eventual privatization drive, the amalgamation of air travel firms would help Warsaw offset LOT's persistent losses. "The treasury ministry, in cooperation with the transport ministry, is working on the concept of concentrating air transport companies. An air holding is an option," treasury minister Wlodzimierz Karpinski was quoted as saying by the daily. The struggling Polish national carrier has been a constant burden on national coffers with the European Commission now launching a renwed inquiry into Warsaw's latest EUR200 million (USD270 million) bailout.