Turkish Airlines (THY) is evaluating acquisitions of airlines, cargo operators and maintenance, repair and overhaul (MRO) businesses as it seeks to expand its international footprint, a senior executive said Tuesday.
The national flag carrier agreed on a deal last August to purchase a minority stake in Spanish carrier Air Europa. Its chair, Murat Şeker, described the move as "a key step" and said the carrier's next moves would probably be in Asia and South America.
Şeker told Bloomberg TV on Tuesday that the company now has "a bigger horizon in Asia, the Far East, in Europe and in Latin America."
Turkish Airlines is also a partner with German flag carrier Lufthansa in leisure airline SunExpress.
On market conditions, Şeker said demand had returned to normal after a temporary boost due to the Iran war.
