Business world gives up on private jet, Sabanci withdraws from aviation

Dünya Executive - - OVERVIEW -

Amid serious turbulence in the Turkish economy, some businessme­n have decided to reduce their presence in aviation. DOYSA VIP Havacilik, Founded by Sabanci brothers Demir, Omer and Yalcin in 2007, is withdrawin­g from the sector after 11 years, Kerim Ulker of daily DUNYA reports. The company, which quietly sold the last aircraft in its fleet recently to Tahe Havacilik, is now offering up both the hangar and operating license of the company. DOYSA will terminate VIP air taxi services upon completion of the sale process.

The company, which had capital of TRY 150,000 when it was establishe­d, signaled that it would be a serious player in the sector over time, increasing its initial capital to TRY 25 million and then to TRY 55.8 million. The Challenger 605, which DOYSA used for the first time in Turkey, came with a price tag of around $25 million. DOYSA Havacilik sold the Hawker 850 and then Gulfstream 450 and withdrew from the sector on September 28 by selling Challenger 605, the last aircraft it had, to Tahe Havacilik.

In other aviation news, Yildiz Holding’s boss,, Murat Ulker announced that he had sold two planes and instead went on business trips with scheduled flights. It is rumored that Dogus Group also wants to sell the aircrafts that belong to its subsidiary, Korfez Havacilik. Likewise, Soyak Group is also rumored to be selling its aircraft and withdraw from aviation. Meanwhile, rising businessme­n are renewing their private jets. Cengiz Insaat’s boss, Mehmet Cengiz, sold his old Falcon 2000XLS and replaced it with a Dassault Falcon 7X, while the media boss, Acun Ilicali, upgraded his Challenger 300 to a Challenger 605.

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