With a filing sent to Istanbul Stock Exchange, Turkish Airlines announced that it will establish an air cargo company which will be 100% subsidiary of Turkish Airlines.
In the statement Turkish Airlines said:
Our Board of Directors decided to establish an air cargo company, wholly-owned by the Incorporation, due to the increasing trend on cargo operations and to take quick actions while improving focused strategies like new product development and vertical integration. The newly established Company will strengthen our position among the most crucial players in the cargo sector, by making the most of Turkish Cargo’s unique competitive advantage and create a separate platform for potential strategic foreign partnerships in the future.
