Turkish Government preparing ground for sell-down in Turkish Airlines shares

Turkey's Government is reportedly likely to sell down its 49.1% stake in Turkish Airlines in 2012. A method to conduct the sell-off has not been finalised but could reportedly be through a second public offering. Shares in Turkish Airlines closed 2.3% on Friday.

Shares in Finnair recovered 3.2% on Friday. Last week, Finnair CEO Mika Vehviläinen stated the carrier expects first quarter profits to weaken due to the natural disaster in Japan and conflicts in the Middle East and North Africa.

Selected EAD daily share price movements (% change): 26-Mar-2011