Moderators: richierich, ua900, PanAm_DC10, hOMSaR

 
aldrigsomandre
Topic Author
Posts: 369
Joined: Mon Nov 23, 2015 2:30 am

Wizz Air to buy %49 percent of Turkey's Borajet

Wed Nov 08, 2017 2:22 am

Source in Turkish: http://www.airporthaber.com/havacilik-h ... liyor.html

The airline will start flying as Wizz Air Turkey.
Initially, 5 A320's will be based in the country - up to 10 by mid-2018.

Felt like this needed it's own thread.

Interesting development.
 
SCQ83
Posts: 6018
Joined: Wed Oct 03, 2012 8:32 pm

Re: Wizz Air to buy %49 percent of Turkey's Borajet

Wed Nov 08, 2017 5:27 am

Interesting indeed.

The most logical thing would be to target Eastern European tourism in Antalya or Bodrum. Domestic and Istanbul seems too competitive with TK/PS.
 
User avatar
alaturka
Posts: 50
Joined: Thu Jun 16, 2016 6:14 am

Re: Wizz Air to buy %49 percent of Turkey's Borajet

Wed Nov 08, 2017 6:02 am

Any official information?
 
mcgreg
Posts: 19
Joined: Thu Jun 22, 2017 9:21 am

Re: Wizz Air to buy %49 percent of Turkey's Borajet

Wed Nov 08, 2017 8:01 am

Sounds a pretty good move for Borajet.
 
User avatar
PatrickZ80
Posts: 5087
Joined: Tue Jul 13, 2010 5:33 am

Re: Wizz Air to buy %49 percent of Turkey's Borajet

Wed Nov 08, 2017 8:11 am

Nice to see Wizzair grow that way.
 
LTenEleven
Posts: 439
Joined: Sun Apr 10, 2016 8:56 pm

Re: Wizz Air to buy %49 percent of Turkey's Borajet

Wed Nov 08, 2017 6:34 pm

Still to be confirmed since not all of the Turkish aviation news stories turn out to be true.
 
User avatar
LAXintl
Posts: 26520
Joined: Wed May 24, 2000 12:12 pm

Re: Wizz Air to buy %49 percent of Turkey's Borajet

Wed Nov 08, 2017 7:21 pm

I am not sure what Wizz is buying. Borajet has been shut down and largely liquidated since early 2017.

There are host of lawsuits in Turkey and UK over the airline, and now even criminal case and arrest warrant for its former owner living in Boston.
 
Cunard
Posts: 2510
Joined: Fri Nov 11, 2016 6:45 pm

Re: Wizz Air to buy %49 percent of Turkey's Borajet

Thu Nov 09, 2017 9:27 am

I'm under the impression that the former owner died recently hence why this is happening.
 
MalevTU134
Posts: 2526
Joined: Tue Oct 11, 2016 8:04 pm

Re: Wizz Air to buy %49 percent of Turkey's Borajet

Thu Nov 09, 2017 10:22 am

Does Turkey have a limit of 49% foreign ownership in airlines? Why else would W6 be content with not being in full control by having less than 50%? Does Hungarian count as foreign in Turkey, or merely north-Turkish? :)
Who would own the other 51% if the previous owner is, supposedly, dead, or at least wanted? And what is the legal status of BoraJet? Liquidated? In the equivalent of US Chapter 11 receivership?....
 
[email protected]
Posts: 16616
Joined: Sat Jan 13, 2001 6:29 pm

Re: Wizz Air to buy %49 percent of Turkey's Borajet

Thu Nov 09, 2017 10:32 am

If it could get more than 49% it presumably would. Most countries have that as a limit.

Is the AOC still in existence?

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos