Jan. 2 (Bloomberg) -- Turk Hava Yollari AO, or Turkish Airlines, rose after Turkey’s competition board ruled alleged violations of competition rules were groundless.
The shares climbed 2.8 percent to 2.18 liras at 10:35 a.m. in Istanbul trading, rising for the first day in five.
The competition board investigated if the airline violated competition rules through actions that hurt low-cost carrier Pegasus Airlines, the board said in a statement on its website.
--Editors: James Kraus, Claudia Maedler
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To contact the reporter on this story: Benjamin Harvey in Istanbul at firstname.lastname@example.org
To contact the editor responsible for this story: Gavin Serkin at email@example.com -0- Jan/02/2012 08:23 GMT