Turkish Airlines continued its recovery by producing another profitable quarter, turning last year’s HY1 net loss into a solid profit. The carrier reported a $737 million net profit for January-June compared to $-1 million in the same period last year. Turkish...
Turkish Airlines produced a strong first quarter of 2022, benefitting from pent-up demand and a sharp increase in capacity. This translated into a $161 million net profit, up from $61 million in Q1 2021, the airline reported on April 28. Q1 results were down on Q4...
Irish lessor Avolon has placed fifty Vertical Aerospace VX4 eVTOL aircraft with Gözen Holding, making it the first to enter the Turkish market for urban air mobility (UAM). Gözen plans to develop this emerging market, notably around Istanbul and its overcrowded roads....
UPDATE – After only one loss-making year during the pandemic, Turkish Airlines has swung back to profitability in 2021. The carrier reported a profit of $959 million compared to an $836 million loss in 2020. Last year’s result is even better than that of 2019...
Tata Sons on Monday has announced the appointment of Ilker Ayci as the new Chief Executive Officer and Managing Director of Air India. Expected to take charge on or before April 1, Ayci (51) until recently was the Chairman of Turkish Airlines. Prior to that, he was...
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