Turkish Air Eyes Carriers In Poland, Serbia

Titlu : Turkish Air Eyes Carriers In Poland, Serbia
Sursa : http://news.airwise.com/story/view/1274099093.html
Autor : Reuters
Data : 17.05.2010

Citat :

Turkish Airlines wants to buy troubled Polish air carrier LOT and already is in talks with Serbian JAT, the company's chief executive Temel Kotil told Rzeczpospolita daily on Monday.

Last month Kotil said the airline would rather focus on organic growth and expanding its own operations, although did not rule out acquisitions.

"Our expansion is inevitable, but we don't have to immediately buy majority stakes... Yes, we want to buy LOT," Kotil said.

"We are also talking to Serbian JAT. In Central Europe I am only interested in LOT, because it fits our business model."

Poland wants to sell its stake in the troubled Polish carrier in 2011 after first restructuring the airline which has suffered heavily from the industry's global crisis.

Turkish Airlines first wants to create a joint venture with LOT on selected connections and also wants to transform Warsaw airport into an international hub.

"Poland's capital has a great location and that asset has not been utilised before," Kotil added.