Turkish Airlines

Turkish Airlines to Put Foreign Pilots on Unpaid Leave – Bloomberg

Like carriers worldwide, Turkish Airlines has been hit by a combination of border closures and a slump in travel during the pandemic. It reported a loss of 2.23 billion liras ($280 million) in the second quarter, with passenger numbers down by almost two thirds so far this year.

Unlike many peers, the carrier has refrained from job cuts or applying for a government bailout. Instead, it has pared pilot wages by half through 2021 and reduced salaries for other workers. The latest decision is in line with an official proposal floated in August, when aviation authorities asked airlines their opinions on dismissing foreign staff before Turkish nationals could be fired.

Exclusive: Turkey’s wealth fund in talks over urgent support for hard-hit Turkish Airlines – Reuters

ISTANBUL (Reuters) – Turkey’s wealth fund is in talks to provide emergency funding to flag carrier Turkish Airlines THYAO.IS, one of the country’s hardest-hit companies when the coronavirus pandemic halted nearly all flights, four sources told Reuters. The sources close to the matter said the company, which flies to more destinations worldwide than any other …

Exclusive: Turkey’s wealth fund in talks over urgent support for hard-hit Turkish Airlines – Reuters Read More »