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Turkish Airlines board yet to make strategic decision on acquisitions

11-Jul-2011 11:45 AM

Turkish Airlines CEO Temel Kotil stated the carrier aims for increased cooperation with Spanair and has no plans for acquisitions "for the moment" (Bloomberg, 01-Jul-2011). He added that there is "no progress" in talks to acquire a controlling stake in JAT Airways. Mr Kotil added that "there are several carriers in Europe and the Balkans that are seeking partners but our board hasn't made a strategic decision to look for a partner at the moment".