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Turkish national air carrier drops partnership plan with Polish LOT

Written By THA on Saturday 2 June 2012 | 17:30

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THY said it decided to "wrap-up its work on the privatization of LOT Airlines and take no further step."

Turkey's flag carrier airlines company, the Turkish Airlines, said Friday it abandoned talks for a possible partnership with Poland's LOT.

In a regulatory filing to the Istanbul Stock Exchange, THY said a financial and technical assessment concluded that the possible partnership deal's contribution to the company's medium-to-long term plans would be limited.

THY said it decided to "wrap-up its work on the privatization of LOT Airlines and take no further step." (Anatolia News Agency)
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