Turkish Airlines denies Pakistan international airlines acquisition rumors
13 oC
13 oC
Güneşli
13 oC
Güneşli
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)
LEGAL WARNING: All rights of the published news, photos and videos are reserved by İlke Haber Ajansı Basın Yayın San. Trade A.Ş. Under no circumstances can all or part of the news, photos and videos be used without a written contract or subscription.
Türkiye’s industrial production increased by 7.1% year-on-year in August 2025, according to data released by the Turkish Statistical Institute (TurkStat) on Thursday.
Mexican officials have pledged to fight new U.S. tariffs on medium- and heavy-duty trucks announced by President Donald Trump, warning that the move will inflict severe damage on Mexico’s export sector and further strain bilateral trade relations ahead of the 2026 USMCA review.
Türkiye’s dried fruit and processed products sector has recorded $1.22 billion in exports to 144 countries and free zones during the first nine months of 2025, according to the Southeastern Anatolia Dried Fruits and Products Exporters’ Association and Anadolu Agency.
The People's Bank of China (PBOC) increased its gold reserves for the 11th consecutive month in September, a strategic move that coincides with a historic surge in bullion prices as global investors seek alternatives to the U.S. dollar.
