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

MH17: Airlines press for security review
Tuesday, July 22, 2014    
Nigerian Air Force Helicopter Crashes In Borno
Tuesday, July 22, 2014    
Statement by President of Russia Vladimir Putin
Tuesday, July 22, 2014    
Boeing, Qatar Airways Finalize Order for 50 777Xs
Tuesday, July 22, 2014    
The A320neo: A recipe for success
Tuesday, July 22, 2014    
Boeing Rolls Out 5000th Next-Generation 737
Friday, July 18, 2014    
Malaysia Airlines plane crash in Ukraine
Friday, July 18, 2014    
TAV triples the capacity of Gazipaşa Airport
Friday, July 18, 2014    
Transaero Airlines commits to 20 A330s
Friday, July 18, 2014    
IAG orders 20 A320neo Family aircraft
Monday, July 14, 2014    
Dubai Airshow to return in November 2015
Monday, July 14, 2014    
Airbus launches the A330neo
Monday, July 14, 2014    
Air India Joins Star Alliance
Monday, July 14, 2014    
JAL Uses Twitter to Deliver Its Flight Information
Wednesday, July 09, 2014    
Boeing, Emirates Finalize Order for 150 777Xs
Wednesday, July 09, 2014    
airBaltic Pilots Go Green With iPads
Wednesday, July 09, 2014    
Boeing to Build Intelsat 35e EpicNG Satellite
Wednesday, July 09, 2014    
Boeing Reports Second-Quarter Deliveries
Monday, July 07, 2014    
Boeing, Qatar Airways Finalize Order for 50 777Xs
Boeing, Qatar Airways Finalize Order for 50 777Xs
Boeing and Qatar Airways have finalized an order for 50 777-9Xs, valued at
Boeing Rolls Out 5000th Next-Generation 737
Boeing Rolls Out 5000th Next-Generation 737
Boeing rolled out the 5000th Next-Generation 737 this week. The airplane is
Malaysia Airlines plane crash in Ukraine
Malaysia Airlines plane crash in Ukraine
Time after time, the pro-Russian guerrillas in eastern Ukraine have shown t
IAG orders 20 A320neo Family aircraft
IAG orders 20 A320neo Family aircraft
International Airlines Group (IAG) has converted 20 A320neo options into a
Royal Jordanian launches e-freight system
Royal Jordanian launches e-freight system
Royal Jordanian inaugurated the e-freight system, in collaboration with CHA
Pilot killed in plane crash at Tampa Executive Airport
Pilot killed in plane crash at Tampa Executive Airport
Hillsborough sheriff's officials said the plane nose dived on the runway of
oneworld: New Los Angeles lounge
oneworld: New Los Angeles lounge
Qantas, British Airways and Cathay Pacific have opened a new Business Loung
  • 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