Disclaimer: This English language News Page is provided for convenience only; and Turkish language version is the sole valid and prevailing version. Turkish Airlines shall not have any liability whatsoever in case any transactions are conducted relying on the English version.
At the Board Meeting on 18.12.2009, Hamdi TOPÇU, Vice Chairman of the Board and Vice Chairman of The Executive Committee, has been appointed as the Chairman of the Board and Chairman of the Executive Committee, effective as of 01.01.2010. Per request of the Privatization Administration of the Prime Ministry, who owns Group C shares, Hamdi Topçu will be representing the Group C shares at the Board Meetings. Member of the Board Prof. Dr. Cemal Şanlı has also been appointed as the Vice Chairman of the Board.
Dr. Candan KARLITEKİN,Chairman of the Board, has resigned, effective as of 01.01.2010.
The Incorporation has decided to start operating “Istanbul – Dacca (Bangladesh) - Ho Chi Minh City (Vietnam)” route in the year 2010.
Traffic results for the period of January-November 2009 are as follows:
The Incorporation has decided to lease 1 B737-800 aircraft with serial number MSN 30296 from Wells Fargo Bank Northwest, National Association for 4 years, to be delivered in February 2010.
The Incorporation has decided to lease 2 B737-700 aircraft with serial number MSN 34299 and 34300 from CIT Aerospace International for 4 years, to be delivered in December 2009.
Traffic results for the period of January-October 2009 are as follows:
Previously we have announced that The Incorporation has decided to register ‘’Anadolu Jet’’ based in Ankara to operate domestically which will have low cost and attractive ticket price. In this context, The Incorporation has decided Anadolu Jet to continue its operations as a separate airline company, which will be owned 100% by THY.
The Incorporation has decided to operate Istanbul-Basra-istanbul route after obtaining the traffic rights.
The Incorporation has deciden to purchase 2 Airbus cargo aircraft A330-200F which will be received in the second half of the year 2010 and the other in the first half of 2011.
Ref: Announcement dated 19.06.2009
The Incorporation has decided to exercise it optional right on 3 Airbus A330 aircraft to be delivered in the year 2012.
The Incorporation has decided lease 2 B737-700, one from MSN 34753 Leasing Limited and one from MSN 34755 Leasing Limited.
The attached table contains current monthly traffic information of the Incorporation.
Traffic results for the period of January-September 2009 are as follows:
The Incorporation has decided to lease 2 B737-700 aircraft from Celestial Aviation Trading 66 Limited for 6 years.
The Incorporation has decided to start the Enterprice Resource Planning (ERP) project and accordingly purchase the software needed for the ERP Project and the consulting services throughout the set up process of the project from SAP Türkiye Yazılım Üretim ve Tic. A.Ş. ("SAP"). The main objective to start the ERP Project is to have a data-processing system that will enable the management to make management decisions fastly by speeding up the current work process in the fields of Accounting, Finance, Human Resources and by gathering data instantly both from international and domestic offices.
Traffic results for the period of January-August 2009 are as follows:
Ref: Announcement dated 19.12.2008
We have previously announced on 19.12.2008 that our Board of Directors have decided that HAVAŞ will be a %50 partner in TGS Ground Handling Inc.
In this context, the process of basing a partnership under TGS Ground Handling Inc. with the partnership agreement signed between the Incorporation and TGS Ground Handling Inc. has been approved by the Competition Board and is announced on the website of the Competition Board.
Traffic results for the period of January-July 2009 are as follows:
The Incorporation has decided to include one A321-200 to its fleet through Financial Lease.
Traffic results for the period of January-Jun 2009 are as follows:
Ref: Announcement dated 05.10.2007
Previously we have informed that the Incorporation has decided to purchase G550 from Gulfstream Aerospace Corporation. In accordance with the decision of our Board of Directors, Gulfstream G550 aircraft purchased from Gulfstream Aerospace Corporation has been sold to The Prime Ministry.
We have announced on 03.07.2009 that the Incorporation has decided to start feasibility report for the estabilishment of a jet fuel distribution company with OPET Petrolcülük A.Ş. Thus, at the Board meeting took place on 09.07.2009, the Board of Directors has decided to establish a corporation, 50% owned by Turkish Airlines, with Opet Petrolcülük A.Ş.
At the Board meeting took place on 09.07.2009, the Board of Directors have decided to:
The Board of Directors have decided to start negotiating with OPET Petrolcülük A.Ş. to estabilish a jet fuel distribution company and feasibility report on the work plan as well as required capital.
Te Capital Market Board has approved with letter dated 19.06.2009 number 17/456 to increase the paid in capital to 875.000.000.—TL by 400% 700.000.000.—TL of which 150.906.552.76 TL from 2008 net profit and 549.093.447.24 TL from inflation adjustment. We have applied to Istanbul Commercial Regsitrar office on 23.06.2009 .
Shareholders have right to receive 400% bonus shares starting as of June 25th, 2009 for an indefinite period. Shares that are registered at MKK will receive bonus shares through MKK. Shares that are not registered at MKK will be able to receive bonus shares after registered at MKK as per Capital Market Law provision number 6 and Circular number 294, dated 30.01.2008 of MKK.
The Notice to the share holders regarding to the distribution of bonus shares will be published at Hurriyet and Sabah newspapers on June 25th, 2009.
Incorporation previously announced that the manufacturers Boeing and Airbus are invited to give proposals for the purchase of 25 firm, 10 optional total of 35 Wide Body Long-Haul aircraft with double aisle and 50 firm, 20 optional total of 70 Narrow Body Medium-Haul aircraft with single aisle according to the fleet plan for 2009 – 2023 . Thus, the Board of Directors have decided to purchase 7 firm 3 option total of 10 A330 aircraft from Airbus and 7 B777-300ER from Boeing.
Incorporation has decided to rent 1 B777-300ER from Delaware Aircraft Lease 2007-B1 LLC as of September 2009 for 25 months.
Traffic results for the period of January-May 2009 are as follows:
The Incorporation has given authority to the CEO to prepare feasibility report to establish a JV with Kyrgyzstan Government in order to make Kyrgyzstan Airlines as the flag carrier and has decide to sign a Memorandum of Understanding with Kyrgyzstan Government for the possible JV.
The Incorporation has decided to start operating from Antalya to/from Stocholm, Paris and Dusseldorf in the year 2009.
The incorporation has decided to empower the CEO to begin a feasibility report in order to establish a new company to educate well qualified workforce in the field of every aspect of civil aviation (air traffic control, airline financing, technical and operational inspection) where Turkish Airlines will be the majority shareholder. The final feasibility report which will cover business plan, capital structure form, articles of association and all other necessary items shall be presented to the Board of Director for the final approval.
Re: Annoucement dated 12.12.2008
The Incorporation has announced that 3 B777-300ER are wet-leased for the period of 6 months. However same aircraft will be leased as operational lease from Delaware Aircraft Lease 2007-B1 LLC and Delaware Aircraft Lease 2007-B2 LLC companies as of 15.06.2009, 26.07.2009 and 10.07.2009.
Re: Annoucement dated 06.05.2009 with number 10033
The Incorporation has applied to Capital Market’s Board (CMB) on 12.05.2009 to receive approval letter from CMB to increase 175.000.000 TL paid-in-capital of the Incorporation by 700.000.000 TL, of which 150.906.552,76 TL (%86,2323) net profit of year 2008, 533.595.132,60 TL capital inflation adjustment difference and 15.498.314,64 TL special funds, total of 549.093.447,24 TL (%313,7677) to 875.000.000 TL.
Traffic results for the period of January-April 2009 are as follows:
The Board of Directors have aoppointed Chairman of the Board Mr.Candan KARLITEKIN as the Chairman of the Executive Committee and Deputy Chairman Hamdi TOPÇU as the Deputy Chairman of the Executive Committee, Member of the Board & CEO Dr. Temel KOTIL as the member of the Executive Committee as of 05.05.2009.
Incorporation has appointed Member of the Board Mr.Hamdi TOPCU as the Deputy Chairman of the Board at the Board meeting on 04.05.2009.
The Incorporation has decided to continue Istanbul-Singapour network to Jakarta in 2009.
The Board of Directors decided to replace Vice President (Flight Opration) Mr. Koksal Koktuna with Asaf Ahmed Bora. Mr. Koktuna’s 1. decree signature right has been cancelled and 1. decree signature right has been given to Mr. Bora.
Traffic results for the period of January-March 2009 are as follows:
The Incorporation has decided to sell 2 A310-300 aircraft to Ariana Afghan Airlines.
The Incorporation has decided to purchase 5 777-300ER aircraft to be delivered each month starting October 2010 until February 2011.
The agreement with the labour union Türkiye Sivil Havacılık Sendikası (HAVA-İŞ) for the 21st period has been expired on 31.12.2009. Since the negotiation for the 22nd period has been delayed due to the absence of a necessary majority and problems with authorisation procedures, the incorporation has decided to apply as of January 1, 2009 retroactive pay increase of 6%.
The Incorporation has decided to terminate Duty Free services agreement signed with Setur Servis Turistik AS as of 31/03/2009, thus there will not be any inflight Duty Free services.
Traffic results for the period of January-February 2009 are as follows:
Boeing 737-800 type TC-JGE aircraft which was leased from Perge Aviation Ltd and joined the fleet on 27 march 2002 had an accident during lending to Amsterdam Shipol Airport.
The aircraft has been insured under the fleet insurance policy according to the lease agreement with the terminal value of 41.767.200 USD thru the brokarage firm ALBATROS. The officials from the brokarage firms as well as the lead reassurer Allianz will be at the Amsterdam Shipol Airport tomorrow (26/02/2009) for the appraisal report.
All of the passengers are insured for all the risks. The insurance companies will cover indemnities to the relatives of the passengers passed away and treatment expenses of the injured passengers.
The Incorporation has decided to purchase one A320 simulator and one A330/A340 simulator which will be delivered 10 and 13 months after the applicable agreements are signed.
The Incorporation has decided to start operating from Eskişehir (AOE)-Brüksel (BRU) during the year 2009.
Traffic results for the period of January 2009 are as follows:
Turkish Airlines Inc, Finance Director Mustafa AYDIN has been appointed to Bosnia Airlines as the CFO and Turkish Airlines Inc Sarajevo Manager Okan ULUOCAK has been appointed to Bosnia Airlines as the Executive Vice President (Commercial).
The Board of Directors have decided to initiate fuel hedging for 10% of the expected fuel consumption for the year in order to fix expenses and to minimise the negative impact of spot price fluctuatıons on total costs.
The Incorporation has decided to open Istanbul/Bingazi/Istanbul routes and start operating during the year 2009.
Traffic results for the period of January- December 2008 are as follows:
Incorporation has appointed Mr. Kazım Calıskan as Executive Vice President (HR)
The Incorporation has appointed Mr. Orhan IKIZ, Executive Vice President (HR) as the Director of Inspection Board and Chief Financial Officer, Mr. Coskun KILIC will be responsible for the position of Executive Vice President (HR) as the Acting EVP (HR).
For your questions regarding THY Shares