Turkish Airlines is evaluating a strategic alliance with Air Malta, which may include a partial investment or a complete takeover of Air Malta, according to several Maltese media reports.

“Discussions on how to continue to improve our relationship with all the major airlines operating to and from Malta is an ongoing process,” Tourism Minister Edward Zammit Lewis reportedly told the Times of Malta.

A Turkish Airlines spokesperson would not confirm the reports. “We don’t have any decision on those issues,” the spokesperson told ATW in Istanbul, adding that to give further information would require board approval and informing shareholders via the stock exchange.

Air Malta currently operates a fleet of four Airbus A319s and six A320s. It reported a pre-tax loss of €16.2 million ($20.3 million) for the financial year ended March 31 2014, significantly short of the €3.3 million profit targeted in the airline’s restructuring plan, but almost halved from a loss of €31 million reported in the previous financial year.