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English
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Evet (Yes)
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Hayır (No)
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06.11.2025
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Hayır (No)
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Ref: Our Public Disclosures dated June 20, 2025, August 7, 2025, August 19, 2025 and November 6, 2025
As stated in our material event disclosure dated November 6, 2025, in line with our Company's strategic position in the global aviation industry to
• Open new tourism markets in Latin America, and
• Expand passenger and cargo flight network between Spain and Türkiye to increase the number of tourists visiting Türkiye along with the related economic contribution,
our binding offer to acquire a minority stake in Air Europa Holding S.L.U. ("Air Europa") was accepted by the Company and the investment agreement between the parties was signed. Accordingly, the process of obtaining the necessary permits from the relevant regulatory authorities was commenced.
In this regard, Foreign Direct Investment ("FDI") approval for the transaction was authorised by the Government of Spain. Currently, other application processes related to investment process continue and the transaction is expected to be finalized in 2026.
As previously disclosed, the transaction involves an investment of 300 million Euro. Following technical and financial adjustments at closing, the minority stake to be acquired is expected to be in the range of 25% to 27%.
Should any new developments arise that could affect investors' decisions, the necessary disclosures will be shared with the public.
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