Turkish Aer Lingus buyout denied
The chief executive of Turkey’s national carrier, Temel Kotil, said that barriers in place by the EU would hinder the non-EU carrier from buying Aer Lingus. “The EU does not favour a company outside the union holding a majority stake. There isn’t a liberal market there, our path for inorganic growth in the EU is currently blocked.”
The Sunday Business Post reported on June 24 that Turkish Airlines was one of several international airlines eyeing up Aer Lingus. Abu Dhabi’s Etihad Airways, which already has a 3% share in the airline, is still believed to be considering a bid.
