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Fri 3 Aug 2012 10:33 AM

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Qatari investors in bidding for Onur Air stake

Turkish low-cost carrier is in the final stages of selling a majority stake

Qatari investors in bidding for Onur Air stake

Investors from Qatar and Lebanon are among those bidding for a majority stake in Turkish low-cost carrier Onur Air, it has been reported.

The carrier, which is based in Istanbul, is looking to sell a majority shake and investors from Qatar and Lebanon are among those interested in acquiring it, the Vatan newspaper reported.

The sale is nearing the final stage of talks, Saruhan Dogan, a board member of sale advisor FinansInvest, told Reuters.

Dogan did not provide further information on the size of the stake sale or potential buyers.

Onur Air has a 34 aircraft fleet and seat capacity of 8,015, according to the carrier's web site. Founded in 1992, it has been running domestic scheduled flights and began international service in 2003.

Onur Air flies to 80 destinations in 20 countries, and to 12 domestic destinations, its web site says.

* With agencies


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