23-Jan-2012 1:34 PM

Turkish Airlines could acquire LOT Polish Airlines

Turkish Airlines chairman Hamdi Topçu stated the carrier has accelerated studies to acquire LOT Polish Airlines following an earlier request on the subject by the Polish Government. As reported by Today's Zaman, Mr Topçu said he met with Polish Economy Minister Waldemar Pawlak in Dec-2011 to discuss the privatisation of LOT, with the Minister asking Turkish Airlines if "we would like to acquire the carrier". Mr Topçu said the carrier would meet again to evaluate the sale. “Following our studies in the market we have finally decided LOT would be a profitable option.… We hope this will be a win-win operation to benefit both sides,” he noted.

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