In a major shift, Turkey’s flag carrier Turkish Airlines (THY) is about to enter a new phase as its two subsidiaries, a budget carrier and an air freight transporter, are set to continue operations as separate companies, according to the THY CEO. The airline has also established a technology company.
“THY Cargo is becoming a completely separate company. We plan to incorporate AnadoluJet. We are flying these companies to grow faster, pave the way for potential partnerships and acquisitions in the future,” Ilker Aycı told reporters Friday as he evaluated the coronavirus pandemic ravaged-2020 and plans for 2021.
“We will have wings flying separately. This is a new era for THY,” Aycı stressed. “New…