Related Companies
|
[]
|
||||||||
Related Funds
|
[]
|
||||||||
|
|||||||||
English
|
|||||||||
oda_MaterialEventDisclosureGeneralAbstract|
|
|
||||||||
oda_UpdateAnnouncementFlag|
|
|
Evet (Yes)
|
|||||||
oda_CorrectionAnnouncementFlag|
|
|
Hayır (No)
|
|||||||
oda_DateOfThePreviousNotificationAboutTheSameSubject|
|
|
20.06.2025
|
|||||||
oda_DelayedAnnouncementFlag|
|
|
Hayır (No)
|
|||||||
oda_AnnouncementContentSection|
|
|
||||||||
oda_ExplanationSection|
|
|
||||||||
oda_ExplanationTextBlock|
|
As stated in our Public Disclosure dated June 20, 2025, in order to strengthen our position in the global aviation sector and enhance our competitiveness in the market, our Company has been conducting non-binding discussions to assess a potential investment opportunity in Air Europa Holding S.L.U. ("Air Europa") and to explore possible partnership synergies.
Following feasibility studies, the investment has been evaluated as being in line with our Company's long-term value generation objectives under its 2033 strategy, based on the following:
i. The complementary nature of Turkish Airlines' global network and Air Europa's strong presence in the Iberian Peninsula and Latin America across both passenger and cargo segments, enabling scaled and accelerated growth in the Latin American market; and
ii. The potential to create a leverage effect for our aviation ecosystem — including subsidiaries and JVs — through new revenue streams and increased regional operational diversity.
In this context, our Company has resolved to submit a binding offer to Air Europa for a minority stake investment.
Should any new developments arise that could affect investors' decisions, the necessary disclosures will be shared with the public.
|