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FinancialNews
27-09-18
Turkish Airlines to set up investment & carriage firm
(MENAFN) Turkish Airlines was declared to have reached a decision to form a new firm specialized in investment and carriages.
The news has been unveiled by the national flag carrier in a statement issued on Turkey's Public Disclosure Platform (KAP) on Wednesday.
The airline said "the incorporation has decided to establish, 'THY Uluslararasi Yatirim ve Tasimacilik AS'."
The statement explained that the company will be created "in order to invest at abroad and domestically, principally in the fields of cargo and courier transportation and in the fields that isspecified in the Articles of Association of the Company."
The statement added that the company is to be entirely owned by Turkish Airlines incorporation at a worth of USD1.63 million.
MENAFN2709201800450000ID1097494679
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