By Ebru Tuncay, Birsen Altayli and Orhan Coskun ISTANBUL, O
By Ebru Tuncay, Birsen Altayli and Orhan Coskun
ISTANBUL, Oct 2 (Reuters) – Turkey’s Wealth Fund is in talks to offer emergency funding to flag provider Turkish Airways THYAO.IS, one of many nation’s hardest-hit corporations when the coronavirus pandemic halted practically all flights, 4 sources advised Reuters.
The sources near the matter stated the corporate, which flies to extra locations worldwide than some other airline, might obtain capital or financing help as a part of the programme, although nothing had but been finalised.
It was unclear how a lot funding the sovereign wealth fund (TVF) might make obtainable in what one supply known as a “bailout”. TVF declined to touch upon the matter, whereas Turkish Airways didn’t instantly remark.
($1 = 7.7695 liras)
(Reporting by Ebru Tuncay, Birsen Altayli and Orhan Coskun; Enhancing by Jonathan Spicer and Elaine Hardcastle)
(([email protected]; Reuters Messaging: [email protected] @jonathanspicer))
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