Loading
11-Jul-2011 11:45 AM

Turkish Airlines board yet to make strategic decision on acquisitions

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".

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More