Monday, 18 May 2015

Air Malta in Talks With Turkish Airlines

Air Malta is currently in negotiations with Turkish Airlines – the fourth largest carrier in the world – regarding a strategic alliance and cash injection. 

Company sources at Air Malta have told local media that discussions are held on a regular basis with a number of airlines over alliances of some degree, however with Turkish these discussions are also including talks about a cash injection or a total buyout of the small and financially strapped Maltese airline. 

“The discussions are focused on a strategic partnership with Turkish Airlines, who are seeking to expand further,” the sources said.  “The government is currently leaving all its options open and is not excluding anything. Discussions range from a strategic partnership to full takeover of Air Malta.”

Tourism Minister Edward Zammit Lewis confirmed the talks were taking lace, “Discussions on how to continue improve our relationship with all the major airlines operating to and from Malta is an ongoing process” he said.

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