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)