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oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
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Date Of The Previous Notification About The Same Subject
09.05.2025
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Explanations
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Security clearances granted to our subsidiaries listed below, required by the relevant legislation in India for providing airport ground handling and air cargo services, have been revoked by the Bureau of Civil Aviation Security of the Ministry of Civil Aviation of India, on the grounds of allegedly posing a threat to national security interests. These instructions were notified to our relevant subsidiaries today (15.05.2025).

Accordingly, the operations of the following subsidiaries have been suspended.

  • Celebi Airport Services India Pvt. Ltd. (CASI),  99.9% owned, operating at:

    • Delhi (DEL) Indira Gandhi International Airport

    • Bengaluru (BLR) Kempegowda International Airport

    • Cochin (COK) International Airport

    • Hyderabad (HYD) Rajiv Gandhi International Airport

    • Goa (GOX) Manohar International Airport

    • Kannur (CNN) International Airport

  • Celebi GH India Private Limited (CGHI), 61% owned,  operating at:

    • Ahmedabad International Airport

  • Celebi Nas Airport Services India Private Limited,  59% owned, operating at:

    • Mumbai (BOM) Chhatrapati Shivaji Maharaj  International Airport

  • Celebi Delhi Cargo Terminal Management India  Private Limited, 74% owned, operating at:

    • Delhi (DEL) Indira Gandhi International Airport

  • Celebi GS Chennai Private Limited (CGSC), 100%  owned, operating at:

    • Chennai (MAA) International Airport

Our Company, operating under Celebi Aviation Holding Inc., which is 65% owned by international investors (from countries including the USA, Canada, Saudi Arabia, Singapore, Italy, UAE, and others) and 35% by the Çelebioğlu Family, continues its uninterrupted operations at airports in Turkey, Hungary, Germany, Tanzania, and Indonesia.

As the largest foreign investor in India's ground handling and air cargo sector since 2009, our Company has significantly contributed to the country's aviation sector. We have provided employment to approximately 10,000 Indian citizens and invested over USD 250 million in India.

Since the beginning of our operations, our subsidiaries have never engaged in any activity that violates India's national security interests or relevant legislation. We believe the revocation of security clearances based on unjust and false allegations by administrative authorities is inappropriate. Therefore, our Company and subsidiaries bear no responsibility for any potential disruptions, delays or negative impacts on airport operations and civil aviation traffic in India.

Our Company will pursue all administrative and legal remedies to clarify these unfounded allegations and to reverse the imposed orders.

In 2024, our consolidated revenue was approximately TRY 19.2 billion (around USD 585 million based on the average 2024 USD/TRY exchange rate) and the contribution of the relevant subsidiaries to this amount is as follows:

  • Celebi Nas: 8.80%

  • CASI: 9.22%

  • Celebi Delhi Carg 15.18%

  • CGHI: 0.22%

  • CGSC: 0.36%

Our shareholders will be kept informed in the event of any further material developments.

This Material Disclosure Announcement is prepared in Turkish and in English. In case of any discrepancy between the two versions, Turkish disclosure will prevail.