Who owns turkish airlines

Turkish Airlines started its journey in with 5 airplanes. The airline became an international aviation organization possessing 27 aircraft, 3. Read more. Turkish Airlines : is attending World Routes Turkish Airlines : has updated the Facts and Figures on their profile.

This website uses some cookies to give you the best experience. View our Cookie Policy Accept and close. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Moreover, Turkish Airlines holds codeshare agreements with various airlines, such as:.

As of March , the airline operates a fleet of Airbus and Boeing aircraft. Currently, aircraft are in service and are on order. We put together some of the most relevant performance figures. Since , the airline recorded eight hull losses. It was flying about three million passengers a year to 16 domestic destinations and three dozen international ones. The airline was Turkey's largest source of foreign currency, according to Air Transport World.

Turkish Airlines operating Airbus s in , allowing the addition of flights to Singapore in A route to Brussels and New York was added in The company posted losses in and , largely due to high payments on its dozen new Airbus As, according to Air Transport World. The fleet also included 11 Boeing s and nine DC-9s. THY ended the decade with 8, employees. Private investors took 1. However, the process leading to the greater privatization was delayed by several years of economic and political setbacks.

By the end of , the company was capitalized at TRL 2. This allowed it to maintain a current fleet, operating Boeing s, Airbus As, and RJs in the early s. In fact, the airline's fleet would double in size during the decade. Staffing levels would be kept around 8, employees, greatly increasing productivity. Turkish Air Transportation in September The company suffered in the global aviation crisis following the Persian Gulf War and would not break even again until However, business was again booming in the mids, with the greatest growth coming from North American destinations.

The company's capital continued to be raised, reaching TRL 10 trillion in During that year, the airline also converted three of its Boeing s to dedicated freighters. The old DC-9s had been sold off. While profitable, THY had to contend with Turkey's exorbitant inflation, making capital improvements difficult. The domestic market was deregulated in , allowing new scheduled competition from charter airlines. At the same time, larger international carriers were providing stiff competition on routes to Western Europe.

THY entered into marketing agreements with other international airlines to enhance its competitiveness.