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Turkish Airlines denies claim of sale to Qatar

The Prime Ministry Privatization administrations has a 49.12 percent interest in THY, while 50.88 percent of shares are publicly traded.

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Turkey’s flag carrier Turkish Airlines (THY) on Thursday denied claims on social media that the airline has been sold to Qatar.

The Prime Ministry Privatization administrations has a 49.12 percent interest in THY, while 50.88 percent of shares are publicly traded.

THY press officer Yahya Üstün posted a message on Twitter saying that the claims are false amid growing rumors that Turkey has been considering the sale of a 49 percent stake in the company to the Qataris.

On Wednesday a Swiss-based pilot and aviation expert claimed on Twitter that Qatar Airways CEO Akbar Al Baker had announced the acquisition and a 49 percent stake in THY.

The claim was posted as breaking news by Harry Theocharous, who stood by his announcement on social media.

The story broke after months of speculation of the sale of Turkey’s flag carrier. Former opposition deputy Barış Yarkadaş had claimed in September 2018 that the government was considering selling THY to Qatar. “The Justice and Development Party [AKP] is considering selling Turkish Airlines and Halkbank to Qatar to prevent a financial catastrophe. They have found a formula. Qatar is going to be made a partner in the sovereign wealth fund… I think the $400 million jet purchase has something to do with this partnership, too,’’ Yarkadaş said following Qatar’s gifting of a private jet to the Turkish president.

source: Turkish Minute

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