50 SKY SHADES - World aviation news

Turkish Airlines and LOT to partnership towards future joint venture agreement

Download: Printable PDF Date: 28 Aug 2015 08:38 (UTC) category:
Publisher:
Turkish Airlines and LOT to partnership towards future joint venture agreement  - Airlines publisher
Tatjana Obrazcova

Turkish Airlines and LOT Polish Airlines have agreed on a major expansion of commercial ties. Both sides have signed a letter of understanding, which will initiate an enhanced cooperation between relevant Polish, Turkish and beyond markets and also deepen commercial cooperation on the existing ones.

 

Recognising the great significance of deepening the cooperation and desiring to create the most appropriate conditions for their development, both Turkish and Polish carrier have decided to implement a strategic partnership to make use of the possibilities to enhance benefits for their customers by offering them more connection alternatives and even better product. This will give passengers opportunity to travel with convenient stopover and one ticket only to even more destinations across the world. 

Final model of cooperation has not been decided yet, however both airlines agreed to proceed towards future joint venture cooperation. 

“This strategic partnership between our airlines will enable both carriers to enhance their presence on their respective markets, while contributing their efficiency on the routes agreed within the scope of extended cooperation. Considering their membership to the same alliance group, one can say that such a strategic partnership will also benefit Star Alliance,” said Dr Temel Kotil, CEO of Turkish Airlines.  

“LOT is ready to grow immediately as of 2016, and now is the best moment to strength equal cooperation with our key airline partners. LOT and Turkish Airlines have been partners for many years. I am convinced that this letter of understanding will help us to create unique and global offer. This will give our passengers all advantages of worldwide and supplementary networks of both carriers,” added Sebastian Mikosz, LOT Polish Airlines CEO.

 



Loading comments for Turkish Airlines and LOT to partnership towards future joint venture agreement ...


Recommended

Garmin first turbofan certification for GFC 600 digital autopilot

Garmin has received FAA Supplemental Type Certificate approval for the GFC™ 600 digital autopilot in select Cessna CitationJet 525 models1, the first jet certification f...

To capture strong demand for dedicated freighter aircraft ST Engineering and Temasek to set up JV

ST Engineering announced that its wholly-owned aviation asset management unit has entered into an agreement with Temasek to set up a 50-50 joint venture  for freighter aircraft leasing. The...

Riga Airport has finished the construction of the second rapid-exit taxiway and the reconstruction of a part of the runway

The second rapid-exit taxiway, built with the support of the Cohesion Fund, has been put into operation at Riga Airport. The renovation of a part of the runway at the Airport's own expense has als...

Modernized Ka-32A11M to be presented at MAKS

Russian Helicopters will present a modernized Ka-32A11M fire-fighting helicopter at the MAKS-2021 International Aviation and Space Salon, held in Zhukovsky near Moscow in July. Ka-32 modernizatio...