LOT and Turkish Airlines Move Towards Future Joint Venture Agreement
LOT Polish Airlines and Turkish Airlines recently signed a letter of understanding, which will initiate an enhanced cooperation between relevant Polish, Turkish and beyond markets and also deepen commercial cooperation on the existing ones.
According to an announcement, both Turkish and Polish carriers have decided to implement a strategic partnership to make use of the possibilities to enhance benefits for their customers by offering them more connection alternatives and even better product. This is expected to give passengers the opportunity to travel with convenient stopover and one ticket only to even more destinations across the world.
“I am convinced that this letter of understanding will help us to create unique and global offer. This will give our passengers all advantages of worldwide and supplementary networks of both carriers”, said Sebastian Mikosz, LOT Polish Airlines CEO.
The final model of cooperation has not been decided yet, however both airlines agreed to proceed towards future joint venture cooperation.
“This strategic partnership between our airlines will enable both carriers to enhance their presence on their respective markets, while contributing their efficiency on the routes agreed within the scope of extended cooperation”, added Temel Kotil Ph.D, CEO of Turkish Airlines.
Turkish Airlines and LOT have been codesharing on each other’s flights on the route Istanbul-Warsaw v.v. since October 2000. The scope of codeshare agreement has been extended in 2014 with the inclusion of Turkish Airlines’ flights on the routes Istanbul-Amman v.v., Istanbul-Cairo v.v. and Istanbul-Ankara v.v. and LOT Polish Airlines’ flights on the routes Vienna-Warsaw v.v. and Warsaw-Krakow v.v.
With the expansion of the code share agreement, both airlines put its designator code to some selected flights of each other’s beyond Istanbul and Warsaw to domestic destinations in Turkey and Poland, as well as to points in Africa, the Middle East and Asia, benefiting from the global networks of Turkish Airlines and LOT Polish Airlines.
Turkish Airlines and LOT Polish Airlines are currently operating five weekly flights respectively on Istanbul-Warsaw v.v. route.