Turkish Airlines interested in acquiring troubled VA owner (Hainan) stake in VA

[jakeseven7]

Turkey’s national flag-carrier, or Turk Hava Yollari AO as it’s formally known, is among companies looking at HNA’s 20% stake in the Australian airline, said the people, asking not to be named because the discussions are private. Deliberations are preliminary and may not result in a deal, the people said.

The troubled Chinese conglomerate was open to offers for its stake in Virgin Australia as part of its efforts to cut debt, Bloomberg News reported in August last year. Singapore Airlines Ltd. and Nanshan Capital, which each control about a fifth of Virgin Australia’s shares, were among the companies weighing a bid, people familiar with the matter said at that time.




If it goes ahead lets hope Turkish's safety standards don't flow down to VA.....




Full articles:

Turkish Airlines eyes stake in Virgin Australia

Turkish Airlines is looking at HNA Group's minority stake in the airline as it seeks growth in the Asia-Pacific region, according to people familiar with the matter.

www.smh.com.au

Turkish Airlines Shows Interest in HNA’s Virgin Australia

(Bloomberg) -- Turkish Airlines is interested in HNA Group Co.’s minority stake in carrier Virgin Australia Holdings Ltd. as it seeks growth in the Asia-Pacific region, according to people familiar with the matter.Turkey’s national flag-carrier, or Turk Hava Yollari AO as it’s formally known, is...

au.finance.yahoo.com

 

[juddles]

.....lets hope Turkish's safety standards don't flow down to VA.....
....

Let's hope their standards do not sink to those of the editors of that article

 

[HS-TQE]

In related news, SQ also bluntly mentions VA's poor financial performance as one of the reasons for a profit downturn at the SQ group in recent financial year reports.

Don't expect SQ to "expand" their stake in VA via the HNA stake anytime soon, if anything I wouldn't be surprised if SQ are actually looking at selling out.

https://www.singaporeair.com/saar5/pdf/Investor-Relations/Financial-Results/News-Release/nr-q1fy1920.pdf

 

[Martin J Cowling]

I thought TK had improved their safety. Airkine ratings gives them and VA 7 stars.

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