Turkish carrier BoraJet bought by financial group
Turkish regional carrier BoraJet has been acquired by Istanbul-based investment group SBK Holding for US$258m, after it bought the shareholding of the airline’s founder Yalcin Ayasli. The airline operates a fleet of 7 Embraer E190s and 6 E195s to domestic destinations, as well as to 80 cities throughout Europe, Iran and Iraq. It also operates several executive jets on charter services. SBK Holding vice-chairman Umut Suna Uygun said that SBK appreciated that BoraJet was a small operation that did not have a significant impact in the airline industry but, “We are a young and ambitious organisation and willing to increase our asset in this industry.” The first objective was to restructure the airline, which had had “management issues” over the past 3 to 4 years, Uygun said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-01-09/unaligned/turkish-carrier-borajet-bought-by-financial-group
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Turkish carrier BoraJet bought by financial group
Turkish regional carrier BoraJet has been acquired by Istanbul-based investment group SBK Holding for US$258m, after it bought the shareholding of the airline’s founder Yalcin Ayasli. The airline operates a fleet of 7 Embraer E190s and 6 E195s to domestic destinations, as well as to 80 cities throughout Europe, Iran and Iraq. It also operates several executive jets on charter services. SBK Holding vice-chairman Umut Suna Uygun said that SBK appreciated that BoraJet was a small operation that did not have a significant impact in the airline industry but, “We are a young and ambitious organisation and willing to increase our asset in this industry.” The first objective was to restructure the airline, which had had “management issues” over the past 3 to 4 years, Uygun said. <br/>
