Turkish Airlines (THY) has vehemently denied reports circulating in the media that it is in the process of acquiring Pakistan International Airlines (PIA).

The claims, which suggested that THY had expressed interest in purchasing PIA, were met with a swift rebuttal from the Turkish airline. THY's Senior Vice President Media Relations, Yahya Üstün, categorically stated that there are no ongoing negotiations or initiatives to acquire PIA.

The denial comes in response to statements made by Pakistan's Minister of State for Finance, Ali Pervaiz Malik, who had indicated that discussions between the Pakistani government and THY regarding the sale of PIA were underway. Malik had also linked the potential transaction to Pakistan's progress in completing its IMF program.

However, THY has unequivocally clarified that such reports are false and unfounded, dismissing any speculation about an acquisition. (ILKHA)