Turkish Airlines News
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Turk Hava Yollari AO, Turkey’s flagship carrier, climbed to a record after saying its staff disregarded a union call to strike.
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Turkish Airlines said Chief Executive Temel Kotil will remain in his post and plans to lead negotiations with trade unions, following a board meeting to consider his future after Kotil was suspended from office.
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Temel Kotil, chief executive officer of Turk Hava Yollari AO or Turkish Airlines, suspended from duties amid dispute with Chairman Hamdi Topcu, Milliyet says citing unidentified executives at the carrier. * Decision may relate to disagreements over the reversal of a ban on hostesses wearing makeup, or over how to handle a strike threat by employees after 305 people were fired: Milliyet * Board to meet early in coming week to resolve situation: Milliyet * Co.’s financial chief Coskun Kilic may take over as acting CEO: Milliyet
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Turkish Airlines, which will more than double its fleet by the start of next decade, said it’s delaying a possible order for jumbo jets for at least two years as it focuses on expanding its network with smaller airliners.
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Turkish Airlines staff will strike by May 23 if demands regarding pay and working hours aren’t met, according to the Hava-Is union, which says 212 jet orders in four weeks show the carrier has the means to improve conditions.
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Pegasus Hava Tasimaciligi AS rose in its first day of trading in Istanbul on speculation expansion by the low-cost Turkish carrier will boost profit this year.
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Turk Hava Yollari AO, Turkey’s flagship carrier, advanced to the highest level in a week on speculation a drop in oil prices bodes well for its earnings.
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Turkish Airlines placed an order for 70 Boeing Co. 737 short-haul jetliners plus 25 options with a potential list price of $9.4 billion, less than a month after agreeing to purchase the rival A320 plane from Airbus SAS.
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Airbus SAS won an order from Turkish Airlines for 82 A320-series planes worth $9.3 billion at list prices, capping a week in which it also sealed a deal from Deutsche Lufthansa AG for 100 of the single-aisle jets.
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Turkey’s stock exchange is seeking the help of brokerages to attract foreign companies to list as the nation works toward becoming a global financial hub.
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