“Media information according to which Turkish Airlines plans to take over 49 per cent of TAROM shares have appeared lately. We would like to announce that at this moment there is no Board of Directors decision concerning an acquisition of this kind,” a communiqué remitted by Turkish Airlines to the Istanbul Stock Exchange reads.
Several Romanian publications informed on Tuesday that Turkish Airlines has started negotiations on the takeover of TAROM.
Turkish Airlines offers flights to 250 international destinations in over 100 countries in Europe, Asia, Africa, Australia, North and South America.
The Romanian National Airline Company (TAROM) was set up in 1954. TAROM operates under the authority of the Transport Ministry. The company has been a member of the SkyTeam Alliance since June 2010, of the International Air Transport Association (IATA) since 1993 and of the Association of European Airlines (AEA) since 2000.
TAROM currently operates flights on more than 40 routes in Europe and the Middle East.