The Turkish Airlines pilots were kidnapped on August 9 when gunmen ambushed a bus carrying the national airliner's crew from Beirut airport to a hotel in the city.
"Their whereabouts are more or less known. We know that they are alive, in peace and comfort," Deputy Prime Minister Bulent Arinc told reporters after a cabinet meeting.
"I hope we will reach them soon," he added.
The two Turkish Airlines pilots were kidnapped on August 9 after gunmen ambushed a bus carrying the national airliner's crew from Beirut's international airport to a hotel in the city.
Lebanese authorities have arrested three suspects and charged them in connection with the abduction.
The pilots were kidnapped in a majority Shiite area of Beirut, controlled mainly by the powerful Lebanese movement Hezbollah, a close ally of President Bashar al-Assad.
Hezbollah chief Hassan Nasrallah has denied any involvement in the kidnapping.
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