Turkish Airlines establishes new company

ANKARA

Turkey’s national flag carrier has established a new investment and carriage company, Turkish Airlines (THY) announced on Sept. 26.

“The incorporation has decided to establish ‘THY Uluslararasi Yatırım ve Taşımacılık A.Ş.’ in order to invest abroad and domestically, principally in the fields of cargo and courier transportation and in the fields specified in its Articles of Association,” the airline said in a statement.

The company issued the statement on Turkey’s Public Disclosure Platform (KAP).

The newly established company is wholly-owned by the incorporation of Turkish Airlines with cash capital of 10 million Turkish Liras ($1.63 million), according to the statement.