THY on verge of investing in undisclosed European carrier

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Turkish Airlines (THY) is looking to buy a stake in a European carrier and is close to making a decision on where to invest.

THY chairman Hamdi Topcu told Flightglobal that the airline is in "final talks" to take a stake in a European carrier. He added that "three to four airlines in the region" are under consideration, but declined to disclose identities.

"The decision will be given soon," said Topcu.

THY has been rumoured in the past to be eyeing Spanair, Jat Airways and Malev, although the carrier appeared to rule out Spanair last July.

"THY has had a good performance over the last nine years. Some of the airlines in the region came to THY and wanted management help. We are looking to share know-how," said Topcu.

At the moment, THY holds a 49% stake in Bosnian carrier B&H Airlines. In addition, THY and Lufthansa have equal shares in SunExpress, which opened a new airline based in Frankfurt called SunExpress Germany.