Turkish Airlines may take majority in indebted JAT Airways

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Turkish Airlines may take a majority in Serbia’s indebted JAT Airways if an agreement is reached between them, Serbian Minister Sulejman Ugljanin told reporters in Istanbul on Friday.

Last November, the Serbian government chose consultancy firm Deloitte as an advisor in the sale of JAT and gave it a 12-month deadline to analyse the company’s finances, find a strategic partner and launch a new airline by end-2011.