Flag carrier
Turkish Airlines launches new real estate investment firm
Turkish Airlines has established a new real estate investment trust company with a cash capital of 50,000 liras (around $13,000), Turkey’s flag carrier announced on Nov. 17.
Turkish Airlines commits to fight wildlife trafficking
National flag carrier Turkish Airlines has signed a declaration pledging zero tolerance on the illegal wildlife trade, the company has said in a statement.
Lufthansa, Air France-KLM ask EU to develop strong law against Gulf carriers
The French and German flag carriers have urged the European Commission to counter what they say are unfair practices by Gulf airlines, seeking to influence the drafting of a new EU law.
Custodian of state assets busy in 2016
NKBM bank and flag carrier Adria Airways get new owners
SSH concluded two major sales in 2016, the April sale of NKBM to US private equity fund Apollo and the European Bank for Reconstruction and Development (EBRD) and the March sale of Slovenia's flag carrier Adria Airways to German fund 4K Invest.
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THY eyes stake in Senegalese firm: Report
Senegal state-owned television has said Turkish Airlines is the front-runner to take a stake in Air Senegal, a new national airline intended to replace the West African nation's now defunct, heavily indebted carrier Senegal Airlines.
Senegalese President Macky Sall was in Istanbul for the 13th Organization of Islamic Cooperation(OIC) summit last week.
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Cyprus Closes Down Flag Air Carrier over EU State Aid Ruling
The Cypriot flag carrier suspended operations at midnight over a European Commission ruling that it had illegally received state aid.
Cyprus Airways shuts down after EU ruling
Cyprus closed down its flag carrier Cyprus Airways on Friday after the European Commission ordered the struggling airline to pay back over 65 million euros in illegal state aid.
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Turks May Help Macedonia Form National Airline
Turkish Airlines' Senior Vice President for Marketing and Sales, Ziya Taşkent, has said the company is willing to consider a joint venture in Macedonia aimed at setting up a new national carrier.
MAT, Macedonian Airlines, the last government-backed national carrier, collapsed in 2009. Mat Airways, Macedonia's last privately-backed national airline, folded in 2011.
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Vucic presents contract with Etihad Airways to public
BELGRADE - Serbian Prime Minister Aleksandar Vucic Thursday presented to the public the takeover contract by which United Arab Emirates' (UAE) national carrier UAE Etihad Airways took over Serbia’s national airline JAT Airways, now Air Serbia.
Serbia Switches Air Serbia Director's Nationality
As of Friday, April 4, Davor Miseljic, member of the main board of the Serbia's national carrier Air Serbia, was no longer a Canadian national but a Serbian national. This is according to the website of the Serbian business registry.
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