AirNewsTimes Uk About US Contact

Turkish Airlines closer to buying Polish LOT-paper

Turkish Airlines closer to buying Polish LOT-paper

Turkish Airlines has examined the financial condition of Poland's flag carrier LOT ahead of a potential bid, a newspaper reported on Saturday.

» Airlines - W | Monday, April 23, 2012 • Reuters
Polish daily Rzeczpospolita, without naming its source, said the Turkish carrier conducted due diligence of LOT in March. The paper estimated LOT's value at around 2 billion zlotys ($630.4 million).

A spokeswoman for Poland's Treasury Ministry, which oversees state assets, declined to confirm the report, but said the ministry has held some discussions with Turkish Airlines in recent months.

The treasury will pick an adviser for the sale process in May, she added.

Turkish Airlines' spokesman Ali Genc also confirmed discussions on a possible LOT acquisition were being held.

"No other decision has been taken by the board," he added.

In January, Chairman Hamdi Topcu said the carrier would start talks to buy LOT.     ($1 = 3.1727 Polish zlotys)     (Reporting by Chris Borowski in Warsaw and Ayla Jean Yackley in Istanbul; editing by Patrick Graham)

Reuters

Warning: Comments which include insulting, offensive sentences or hints, assault and comments with the unwritten rules of spellingand written in English characters incorrectly will not be approved.
Login to make a comment with your user name
Yorumunuzu Sendin
Tüm Yorumları Okumak İçin tıklayın

More News

Jetstar announce service from Wellington to Dunedin
Thursday, July 30, 2015    
Dubai International traffic reaches
Wednesday, July 29, 2015    
WestJet Connect takes flight
Tuesday, July 28, 2015    
Controllers at Gatwick beat their own record
Monday, July 27, 2015    
EVA Air Boosts Houston Service
Sunday, July 26, 2015    
Cargolux and OGBL achieve CWA breakthrough
Friday, July 24, 2015    
United Announces Highest-Ever Quarterly Profit
Thursday, July 23, 2015    
Airberlin opens its ninth Exclusive Waiting Area
Wednesday, July 22, 2015    
AIRFRANCE Cargo W15 Operations
Tuesday, July 21, 2015    
Austrian Airlines Removes Dubai
Monday, July 20, 2015    
April 2015 U.S. Airline Traffic Data
Sunday, July 19, 2015    
QANTAS Reduces Sydney – Los Angeles Flights
Saturday, July 18, 2015    
ANA Resumes Australia Service from Dec 2015
Thursday, July 16, 2015    
Condor Confirms Frankfurt – Austin Service
Wednesday, July 15, 2015    
Jetstar announce service from Wellington to Dunedin
Jetstar announce service from Wellington to Dunedin
Today Jetstar announced a new route will commence between Wellington and Du
Dubai International traffic reaches
Dubai International traffic reaches
Dubai International traffic reaches 5.9m passengers in June
WestJet Connect takes flight
WestJet Connect takes flight
WestJet today announced it has begun rolling out its new inflight entertain
Malaysia Airlines Appoints New Chief Commercial Officer
Malaysia Airlines Appoints New Chief Commercial Officer
Malaysia Airlines (MAS) today officially announced the appointment of Paul
Cargolux and OGBL achieve CWA breakthrough
Cargolux and OGBL achieve CWA breakthrough
The management of Cargolux Airlines and Luxembourg’s OGBL union have reache
Austrian Airlines Removes Dubai
Austrian Airlines Removes Dubai
Austrian Airlines Removes Dubai as a Flight Destination from its Route Netw
Turkish Airlines inaugurates Dammam flights to be operated
Turkish Airlines inaugurates Dammam flights to be operated
Turkish Airlines inaugurates Dammam (Saudi Arabia) flights to be operated f
  • Kara Kutu

  • Çok Okunan

  • Yorumlanan

AirNews'i Delicious'ta PaylaşınAirNews'i Stumbleupon'da Paylaşın!AirNews'i Twitter'da Takip Edin!AirNews Facebook Sayfasını Ziyaret EdinAirNews RSS
UK News | World | Aviation | Airlines | Airports | Business | Space | Technology | Tourism | Photos | Videos

This Site All Rights Reserved. Not be quoted without permission.

Copyright © 2008 - 2011 airnewstimes.co.uk

Design / Software: Air News Times