Şevket Sabancı

Ali Sabanci, the chairman of the company that owns Turkey's low-cost carrier Pegasus Airlines, was injured in a boat accident while vacationing in Greece, the company said Friday. His wife, businesswoman Vuslat Dogan Sabanci, was also injured.

A statement from Esas Holding did not provide details on their conditions but media reports said the two were seriously hurt.

Şevket Sabancı, a billionaire member of Turkey's Sabancı family, died at the age of 85, local media reported on July 22.

He was one of the four sons of Hacı Ömer Sabancı, the founder of companies that later formed Sabancı Holding, Turkey's second-largest industrial group.

Şevket Sabancı was the deputy chairman of Sabancı Holding until 2004.

Pegasus Airlines, Turkey's leading low-budget carrier, has reported that it served a total of 25.1 million passengers in January-October.

Sabancı Holding, one of Turkey's largest conglomerates, has announced that it decided to divest its stake in its wool maker unit Yünsa Yünlü Sanayi.

Istanbul has a new biotechnology research and development laboratory as a result of a partnership which includes Sabancı University Nanotechnology Research and Application Center (SUNUM)

Sabancı Holding, one of Turkey's largest conglomerates, has said it is planning a total of 6 billion Turkish Liras ($1.13 billion) of investments this year.

New York University professor Adam Przeworski has been awarded the special Jury Prize for the prestigious Sakıp Sabancı International Research Awards for his work on democratic regimes and markets.

The Sakıp Sabancı International Research Awards has started collecting essays for its 2017 competition. 

The team of this year's awards, distributed in honor of the late Sakıp Sabancı, honorary chairman of the Board of Trustees of Sabancı University, is "Europeans with Legacies from Turkey in Everyday Life," officials said in a statement on Sept. 27.