"Turkish Airlines gaining strength
Monday September 1, 2008
Turkish Airlines appears to be developing the financial muscle required to be a leader in European consolidation as it reported a first-half profit of $208 million, a figure it said represented a 219% increase from the year-ago semester.
THY has expressed interest in acquiring stakes in both Austrian Airlines Group (ATWOnline, Aug. 28) and B&H Airlines (ATWOnline, Aug. 15) and also has flagged an upcoming fleet renewal announcement (ATWOnline, May 21)."
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