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THY Shares Heavily Oversubscibed...  
User currently offlineBeaucaire From Syria, joined Sep 2003, 5252 posts, RR: 25
Posted (9 years 7 months 2 weeks 3 days 17 hours ago) and read 991 times:

The public tender for sale of 20 % of Turkish Airlines shares was five times oversubscibed within a matter of days.The twenty percent are supposed to yield about 170 M $.
Turkish is entering a dynamic phase of growth and new orders beeing placed recently with A & B. Question is what airline - group will welcome THY - STAR or Oneworld ?


Please respect animals - don't eat them...
2 replies: All unread, jump to last
 
User currently offlineLAXINTL From United States of America, joined May 2000, 24728 posts, RR: 46
Reply 1, posted (9 years 7 months 2 weeks 3 days 16 hours ago) and read 974 times:

THY is atleast 1-2 years away from a final decision regarding an alliance agreement. Exploratory discussions with the three alliances have taken place

However the way things are today, neither Star nor Oneworld would be the carriers primary choice. Skyteam might very well be the final choice.

Star's weakness is that Germany is THY's #1 international market, and the company sees Lufthansa as its #1 European competition. It is felt that regulators would object to an agreement that would lock up over 90% of the scheduled service seats between these two countries. In addition Star has some quite expensive IT integration requirements, which run counter to some current THY projects and investments.

In the case of Oneworld, THY is currently having some difficulties with their American Airlines code-share agreement, particularly the sale of connecting inter-US flights. As a result THY has begun offering Delta flights beyond JFK for connections. In addition Delta has approached THY regarding a comprehensive codeshare agreement covering both Trans-Atlantic services and US domestic flights. If this goes thru, I'd certainly say Oneworlds chances have become even weaker.

Lastly, THY does not want to feel like a junior member in an alliance. It will choose the alliance that provides the broadest revenue and market banefit to the carrier, its Istanbul regional hub, and Turkey as a whole.






From the desert to the sea, to all of Southern California
User currently offlineBeaucaire From Syria, joined Sep 2003, 5252 posts, RR: 25
Reply 2, posted (9 years 7 months 2 weeks 3 days 16 hours ago) and read 973 times:

@ LAXINTL - thanks for the plausible argumentation . I have been working a lot in Turkey and flew THY quite a lot and think they are improving each year. Staff are extremely friendly ( at least the flights I was on... ),service is OK and the fleet will become one of the youngest fleets in the region.Competition between Germany and Turkey will increase with new flights from german cities to various turkish destinations the comming months.Once airlines like Air Berlin take on flights to IST and Ankara,the heat will be on .The amount of flights from Germany to Turkey is really mindbuggling- certain days more than 100 flights leave germany for IST and various warm-water destinations. Antalya might cap IST as Turkeys top- airport very soon.


Please respect animals - don't eat them...
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