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Turkish Airlines planning to buy stake in LOT Polish Airlines

18-May-2010 11:39 AM

Turkish Airlines reportedly plans to purchase a stake in LOT Polish Airlines with Turkish to first create a joint venture with LOT on selected routes (Reuters, 17-May-2010).

Turkish Airlines:Our expansion is inevitable, but we don't have to immediately buy majority stakes ... Yes, we want to buy LOT. We are also talking to Serbian JAT. In Central Europe I am only interested in LOT, because it fits our business model.” Temel Kotil, CEO of Turkish Airlines. Source: Reuters, 17-May-2010.