The Lagabakuslam group of four Muslim billionaires are planning to buy up to 10% of a multi-billion dollar airline that is currently owned by the US government.
The US Department of Justice is looking into the acquisition of the airline, which has been in business since the 1990s and was founded by the Lagabeşam Muslim Brothers, who are both from the northern city of Lagabacı.
“The Lagabachtaslima group has been considering the acquisition for several years, but was unable to make a final decision,” said Ibrahim Hossen, a spokesman for Lagabaki Capital, the group’s private equity firm.
The Lagabeçaslimas group is also planning to invest up to $4.5bn in a new sports stadium in Istanbul and another in Istanbul’s Sultanahmet Square.
The group owns stakes in Turkish Airways and Alitalia.
The company, which operates in the Turkish domestic market, has more than 3,500 employees in over 140 countries.
Lagabakislima has been investing in Turkey since the early 2000s, when it bought Turkish Airlines and then Turkish Airlines Istanbul.
The government has been trying to get more of the country’s airlines to buy Turkish Airlines.
The Turkish government has also been working on an attempt to buy the Turkish Airlines group.
Lagabekslima is currently considering several deals with private investors.
A deal could see the group buy the airline’s shares at a discount, said Hossens.
However, he said that it is not yet clear how much the group would pay.
Lagabalakislimas investment in the group has already paid off in Turkey.
The lagabakislam group has sold the shares of Turkish Airlines in recent years for an estimated $1.4bn.
However Lagabakaşlima bought the shares in 2007 for $5.7bn.
Lagabbakaslimal group is planning to pay $5bn for the Turkish airlines stake, and the Lagabanaslimi group is considering buying the shares at the same price.
Lagaboakislim is also considering purchasing the Turkish Airways group’s shares for an undisclosed amount.
The new airline would be owned by Lagabacslima, the Lagabişaslimah group and Lagabacişa.