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APRIL 2016

Week 15

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Turkish Airlines considers share buy-back and cancels A340 operations

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April 15th 2016

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Turkish Airlines, a Star Alliance member, this week said it is considering reacquiring up to 10% of its shares, currently valued at approximately $485 million, to protect its bottom line from the currency fluctuations of the weak Turkish lira. Read More »

Following the delivery of additional B777-300ERs and A330-300s, the carrier led by CEO, Temel Kotil, has tentatively scheduled its final A340-300 passenger flight for May 28 on the Madinah-Istanbul route. Turkish flies 317 aircraft to 287 destinations, which it claims is more than any other carrier.

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