China, In­dia THY’s next in­ter­na­tional part­ners

Daily Sabah (Turkey) - - Front Page -

TURK­ISH Air­lines (THY) is plan­ning to add China and In­dia to its list of in­ter­na­tional part­ners in the com­ing pe­riod, Chair­man and Chief Ex­ec­u­tive Of­fi­cer İlker Aycı said, adding that they are try­ing to do what­ever the maxim “the fu­ture is in the skies” re­quires.

TURK­ISH Air­lines (THY) Chair­man and Chief Ex­ec­u­tive Of­fi­cer İlker Aycı said THY plans to both grow and add China and In­dia as in­ter­na­tional part­ners in the com­ing pe­riod, adding that they are in talks with ma­jor in­vestors in the Far East. “We want to en­ter China through part­ner­ships, such as co­op­er­a­tion on air­port op­er­a­tions and air­line com­pa­nies in the coun­try,” he stated.

Speak­ing at the “In­ter­na­tional Eco­nomic De­vel­op­ment Sum­mit - A View of Global Cri­sis Through China and In­dia and Turkey,” Aycı said THY has be­come an air­line com­pany that pro­vides flights to the great­est num­ber of des­ti­na­tions in the world. “We are try­ing to do what the maxim ‘ The fu­ture is in the skies’ re­quires,” he said.

Stress­ing that he hopes that the deep­en­ing in fi­nan­cial mar­kets will con­tinue, Aycı said, “Thanks to the Sov­er­eign Wel­fare Fund, Turkey will now de­ter­mine its own path.”

Re­call­ing that one of the rea­sons for the con­struc­tion of the new air­port in Is­tan­bul is Turkey’s strat­egy to be­come a trans­fer hub in the re­gion and the world, Aycı said Turkey is striv­ing to play a role as a cen­ter of at­trac­tion.

Aycı stated that the THY’s num­ber of pas­sen­gers in­creased by 2.5 per­cent last year and that they had an op­er­a­tional profit of $386 mil­lion in the last quar­ter, adding: “We are sorry, we can­not pre­vent our growth. We are plan­ning to both grow and add China and In­dia to our in­ter­na­tional part­ners in the com­ing pe­riod. My col­leagues are in talks with ma­jor in­vestors in the Far East.”

Aycı pointed out that THY might achieve a dou­ble-digit growth rate at the end of the year.

Aycı shared in­for­ma­tion about the prob­lems ex­pe­ri­enced in some is­sues and an­swered the ques­tion of whether THY will fly to new points in China.

“We want to en­ter China by es­tab­lish­ing part­ner­ships, such as co­op­er­a­tion on air­port op­er­a­tions and air­line com­pa­nies,” he said. Un­der­lin­ing that part­ner­ship might go for all coun­tries in the re­gion, Aycı said busi­ness part­ner­ships with other com­pa­nies that have long in­ter­na­tional ex­pe­ri­ence can in­di­rectly al­low THY to en­ter those re­gions as well. He said they would con­tinue to ask for fre­quency and flight rights at ev­ery level.

Kerem Alkin, a mem­ber of the Board of Di­rec­tors of the Turk­ish Sov­er­eign Wealth Fund, made a pre­sen­ta­tion ti­tled “The Rise of the Asia Pa­cific, Belt and Road Ini­tia­tive.”

Stat­ing that Turkey should pro­por­tion­ally tar­get its role in global goods and ser­vices pro­duc­tion, Alkin said Turkey’s crit­i­cal ob­jec­tive to achieve from 2023 to 2030 is to have a 1.5 per­cent share both of global gross do­mes­tic prod­uct and global trade. He con­tin­ued: “In other words, the ex­port fig­ure of $500 bil­lion may not be ac­tu­al­ized for it seems the global trade will not en­able us to achieve this fig­ure. Global trade has its own draw­backs, so it would be good to re­vise the tar­gets to a 1.5 per­cent share of global GDP and global trade, in­stead of $500 bil­lion in ex­ports.”

Un­der­lin­ing that coun­tries that suc­ceed in ac­cess­ing the world in the com­ing pe­riod will also be lead­ers in global com­pe­ti­tion, Alkin re­marked that Turkey should do im­por­tant work in the na­tional broad­band strat­egy.

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