US EditionTurkish Airlines seeks control of SunExpress
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Turkish Airlines wants to gain full control of Sun Express. The total value of the joint venture is estimated at around 2.5 billion dollars. But Lufthansa refuses to sell. That has a simple reason.
Turkish Airlines announced that claims in some media outlets that "THY will acquire all of SunExpress for $1.25 billion" are false. The company stated, "We have no initiatives in this direction."
Turkish Airlines seeks control of SunExpress
Turkish Airlines (TK, Istanbul Airport) is pushing to acquire Lufthansa's 50% stake in SunExpress (XQ, Antalya), the joint venture leisure carrier, but the German carrier is resisting, confident in the airline’s profitability, sources familiar with the discussions told the Italian newspaper Corriere della Sera. Turkish Airlines, which posted a USD2.4 billion profit in 2024, would likely pay at least USD1.25 billion for the stake, the sources sai…
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