Turkish Cyprus rules out privatization of KTHY

Turkish Cypriot Premier Irsen Kucuk said Turkish Cypriot Airlines was not being privatised.

Turkish Cyprus rules out privatization of KTHY

Turkish Cypriot Premier Irsen Kucuk said Turkish Cypriot Airlines (KTHY) was not being privatised, but they were only taking a partner for five years to improve the financial situation of the company.

Kucuk told reporters on his way to the cabinet meeting Wednesday that KTHY was going through serious financial troubles and the current trend was not sustainable.

Kucuk said despite a 41.5 million TL aid provided to the company, it could not over come its financial troubles.

Responding to a question on his opinions about Democrat Party's statement that it would withdraw their support behind the government if KTHY was privatise Kucuk said, "We are not privatizing KTHY, we are only looking for partner for five years. In other words privatization not in the agenda."


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Last Mod: 09 Haziran 2010, 17:37
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