Turk­ish Air­lines CEO quits to take up aero­space job

Kuwait Times - - BUSINESS -

ISTANBUL: Turk­ish Air­lines Chief Ex­ec­u­tive Temel Kotil has re­signed to take on a new role in the coun­try’s aero­space in­dus­try, the state-run Anadolu news agency said yes­ter­day, cit­ing what it said was his farewell mes­sage to staff. Asked whether Kotil had left Turk­ish Air­lines, a spokesman for the na­tional car­rier said the is­sue would be dis­cussed at a board meet­ing later, but de­clined to com­ment fur­ther.

“I have taken the de­ci­sion to leave Turk­ish Air­lines as I have been of­fered a new post re­lated to aero­space and space tech­nolo­gies,” Kotil was quoted by Anadolu as say­ing in his farewell mes­sage. The Hur­riyet Daily News said that Kotil, an aero­nau­ti­cal en­gi­neer who had been in charge of Turk­ish Air­lines since 2005, had taken a new role as head of Turk­ish Aero­space In­dus­tries (TAI), where he was al­ready a board mem­ber. The ucuy­oruzz.com avi­a­tion sec­tor web­site, run by a for­mer Turk­ish Air­lines spokesman, said Kotil would be re­placed by Bi­lal Eksi, cur­rently head of the Turk­ish civil avi­a­tion au­thor­ity. Reuters could not con­firm the re­port.

Turk­ish Air­lines, part state-owned, has been one of the world’s fastest-grow­ing car­ri­ers in re­cent years, but it re­ported a loss of 1.9 bil­lion lira ($617 mil­lion) in the first half of this year, re­flect­ing the im­pact of costs due to forex fluc­tu­a­tions, de­clines in tourist num­bers and grow­ing com­pe­ti­tion in the sec­tor. Its pas­sen­ger num­bers nonethe­less rose al­most 4 per­cent year-on-year in the first nine months of the year , partly due to tran­sit pas­sen­gers, de­spite a spate of at­tacks by Is­lamic State and Kur­dish mil­i­tants in Turkey and a failed mil­i­tary coup in July. — Reuters

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