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dodgers702 wrote:No mention of dates when such flights will start so still skeptical but at least we know Turkish airlines does have a strong intention to send its metal to Mexico.
http://www.turkishny.com/english-news/5 ... -to-mexico
TK787 wrote:dodgers702 wrote:No mention of dates when such flights will start so still skeptical but at least we know Turkish airlines does have a strong intention to send its metal to Mexico.
http://www.turkishny.com/english-news/5 ... -to-mexico
Let's not forget how many skeptics were here on a.net when we first heard the news about TK flying to ATL, HAV, CCS, PTY
MEX might happen this year; IST-MEX-XXX-IST with a A332. There are only few other destinations left on TK's Long Haul wish list besides MEX. Phuket is the only one I can remember. Eventually, next 5-10 years there might be more thin routes with the arrival of economically longer range 250-300 seat aircraft to destinations like SYD, Chile, Peru, Seattle and such.
TK787 wrote:What makes you think that MEX-IST can sustain a 77W (49J/300Y), daily? Any inside info?
TK will receive 3 more 77Ws this year and 6 more A333s, so no problems in terms of type. But I even think when and if TK start the route (depending on the 3rd, triangle city) it might not even be daily.
dodgers702 wrote:TK787 wrote:What makes you think that MEX-IST can sustain a 77W (49J/300Y), daily? Any inside info?
TK will receive 3 more 77Ws this year and 6 more A333s, so no problems in terms of type. But I even think when and if TK start the route (depending on the 3rd, triangle city) it might not even be daily.
Sorry, didn't mean to say I had inside info...strictly personal opinion. Maybe I was getting ahead of myself here but I meant in the long run I personally believe TK can make this route a profitable one. I do agree that they would be smart to start it with a A332 maybe 4-5 days weekly.
dodgers702 wrote:TK787 wrote:What makes you think that MEX-IST can sustain a 77W (49J/300Y), daily? Any inside info?
TK will receive 3 more 77Ws this year and 6 more A333s, so no problems in terms of type. But I even think when and if TK start the route (depending on the 3rd, triangle city) it might not even be daily.
Sorry, didn't mean to say I had inside info...strictly personal opinion. Maybe I was getting ahead of myself here but I meant in the long run I personally believe TK can make this route a profitable one. I do agree that they would be smart to start it with a A332 maybe 4-5 days weekly.
mafaky wrote:In my opinion rather bad and alarming news (in general as well as specificly on behalf of THY). Sorry it's longish quotation but if given only by a link, not too many will read fully and interprete!
QUOTE
Turkey has transferred stakes worth billions of dollars in Ziraat Bank, the Borsa Istanbul Stock Exchange, Turkish Airlines and state-owned pipeline operator BOTAŞ, among others, to a new Sovereign Wealth Fund, in a bid to help finance giant infrastructure projects.
The transfers were announced in two separate statements on Feb. 5 and 6, stirring strong criticism from various opposition deputies and economists, mainly due to its audit-free structure and a complicated financing structure, along with the Treasury and the Finance Ministry, which may pave the way for destruction to the country’s fiscal discipline.
The state’s 49.1 percent stake in flag carrier Turkish Airlines - worth roughly $1 billion - and its 51.1 percent of lender Halkbank - worth some $2 billion - have been transferred to the Fund, a statement from the government’s privatization administration said on Feb. 6.
Stakes in state-owned Ziraat Bank, the country’s biggest lender, the Borsa Istanbul stock exchange and state-owned pipeline operator BOTAŞ have also been transferred, according to an announcement on the Official Gazette on Feb. 5.
Other assets that were moved to the Fund include stakes in fixed-line operator Türk Telekom, oil company TPAO, the PTT post office, satellite communications company TÜRKSAT, Eti Maden - the mining company and tea producer ÇAYKUR.
Some 3 billion liras of funds under the control of the Defense Industry Support Fund will also be transferred, according to the Official Gazette. Some 2.3 million square meters of land, owned by the treasury and located in tourism sites, have also been transferred to the Fund.
The value of the transferred assets is estimated at over 31 billion Turkish Liras ($8 billion).
The government aims to generate additional annual growth of 1.5 percent over the next decade through the Fund, which was recently launched with an initial paid-in capital of 50 million Turkish Liras ($16 million). Ankara wants the Fund to manage $200 billion in assets as soon as possible.
Collateral to secure funding for big projects:
The Sovereign Wealth Fund will be able to use the stakes as collateral to secure funding for major infrastructure projects, a senior official told Reuters.
“There will be a search for credit abroad to implement very big projects in the period ahead,” the official said, as quoted by Reuters.
“Turkey’s most important companies have been transferred to the Sovereign Wealth Fund. It will be possible to secure credit at low rates for these projects by offering the shares in these companies as a guarantee,” the official added.
The official did not specify which type of projects the Wealth Fund may help finance.
Deputy Prime Minister Numan Kurtulmuş said the Cabinet took the step to run the companies “more effectively.”
“We also aim to raise the financial resources in the hands of the state through this move,” he said in a press meeting on Feb. 6 following the cabinet meeting.
No audit on the Fund:
The Fund will, however, not be subject to review by the court of auditors, according to critics.
While sovereign wealth funds are often associated with oil-rich countries such as Norway or Gulf states, Turkey imports almost all of its energy needs. Some economists have said Ankara could better spend the money by paying down a national debt that runs at roughly 30 percent of economic output.
The Fund is headed by Mehmet Bostan, a former finance sector executive who was appointed head of the Privatization Administration (ÖİB) board last year. A top adviser to President Recep Tayyip Erdoğan, Yiğit Bulut, Borsa Istanbul Chair and Chief Executive Officer Himmet Karadağ, and academics Kerem Alkin and Oral Erdoğan have been appointed to the board of the Wealth Fund, according to the trade registry.
February/06/2017
UNQUOTE
mafaky wrote:I'm not totally sure about the contents of the so called "national debt"; whether it includes all domestic and foreign loans or not. But I'm pretty sure that phrase includes only the loans where the State is directly involved in. Other loans taken by the Private sector (maybe even those taken by the individual Municipalities but not counter guaranteed by the State/Treasury) are definitely excluded by definition...
So as a "whole" Turkey's debts are mouth watering!...
TK787 wrote:There are only few other destinations left on TK's Long Haul wish list besides MEX. Phuket is the only one I can remember.
leftyboarder wrote:IST down 12% to 4.03m
SAW down 5% to 2.14m
TK105 wrote:Holly........
This is no good. Government needs to make urgent decisions, the bitter ones I afraid.
jmmadrid wrote:TK105 wrote:Holly........
This is no good. Government needs to make urgent decisions, the bitter ones I afraid.
Such as?
leftyboarder wrote:Jan 17 stats from DHMI out:
IST down 12% to 4.03m
SAW down 5% to 2.14m
IST and SAW were under snow for few days during the snowmageddon. I wonder how many percentage points are due to that.
leftyboarder wrote:Jan 17 stats from DHMI out:
IST down 12% to 4.03m
SAW down 5% to 2.14m
ESB up 7% to 1.05m
ADB down 1% to 0.88m
AYT down 1% to 0.68m
Total down 5% to 9.29m
Odd that Istanbul area airports are suffering the biggest... Ankara and Izmir holding up for now. The drop in international is of course the reason - 14% at IST and 9% at SAW.
stylo777 wrote:leftyboarder wrote:Jan 17 stats from DHMI out:
IST down 12% to 4.03m
SAW down 5% to 2.14m
ESB up 7% to 1.05m
ADB down 1% to 0.88m
AYT down 1% to 0.68m
Total down 5% to 9.29m
Odd that Istanbul area airports are suffering the biggest... Ankara and Izmir holding up for now. The drop in international is of course the reason - 14% at IST and 9% at SAW.
What is the breakdown of ESB (dom/intl)?
It's a nice boost to just over 1m.!
Wondering if the heavy domestic-diplomatic due to recent votings in the parliament is the main driver or rather the entrance of two new intl.players (saudia and ukraine)?!?
stylo777 wrote:What is the breakdown of ESB (dom/intl)?
It's a nice boost to just over 1m.!
Wondering if the heavy domestic-diplomatic due to recent votings in the parliament is the main driver or rather the entrance of two new intl.players (saudia and ukraine)?!?
Yakamoz wrote:Yes, at the moment 3 B77W on the ground. JJP is grounded due to economic reasons, JJM for maintenance, JJK no idea.
RobK wrote:TC-LJK 777 has been in storage at PAE since December and not expected to be going anywhere soon "due to poor economic situation in Turkey" (not my words).
TK787 wrote:Happy to annouce that I just got an alert that -JJM will be flying tonight's TK20 IST-PEK.
TK787 wrote:TK787 wrote:Happy to annouce that I just got an alert that -JJM will be flying tonight's TK20 IST-PEK.
Well, spoke too soon.
As of now, -JJM is not flying the TK20, but flew from SAW to IST, maybe soon on a mission.
mercure1 wrote:Well for tourism in 2017, lets not forget Russians are coming back. Their government promised 6 million visitors in 2017 compared to only 800,000 in 2016.
Also I just saw yesterday how Turkey is again becoming top market market for Israeli tourist in 2017 - up 80%, and might get close to the record 558,000 seen way back in 2008.
Israeli tourists flock to Turkey amid rapprochement
http://www.timesofisrael.com/israeli-to ... rochement/
Plus Turkey continues to see growing interest for visitors from Arabian Gulf region.
So there are some bright signs in some tourism compared to 2016.
leftyboarder wrote:mercure1 wrote:Well for tourism in 2017, lets not forget Russians are coming back. Their government promised 6 million visitors in 2017 compared to only 800,000 in 2016.
Also I just saw yesterday how Turkey is again becoming top market market for Israeli tourist in 2017 - up 80%, and might get close to the record 558,000 seen way back in 2008.
Israeli tourists flock to Turkey amid rapprochement
http://www.timesofisrael.com/israeli-to ... rochement/
Plus Turkey continues to see growing interest for visitors from Arabian Gulf region.
So there are some bright signs in some tourism compared to 2016.
To be honest, if all of Israel flew to Turkey and all the Russian tourists promised show up, that still wouldn't make up for the lost tourists. But let's hope. Of course, it all depends on the outcome of the referendum - if Turkey is perceieved as a dictatorship, we might see further declines.
OA260 wrote:leftyboarder wrote:mercure1 wrote:Well for tourism in 2017, lets not forget Russians are coming back. Their government promised 6 million visitors in 2017 compared to only 800,000 in 2016.
Also I just saw yesterday how Turkey is again becoming top market market for Israeli tourist in 2017 - up 80%, and might get close to the record 558,000 seen way back in 2008.
Israeli tourists flock to Turkey amid rapprochement
http://www.timesofisrael.com/israeli-to ... rochement/
Plus Turkey continues to see growing interest for visitors from Arabian Gulf region.
So there are some bright signs in some tourism compared to 2016.
To be honest, if all of Israel flew to Turkey and all the Russian tourists promised show up, that still wouldn't make up for the lost tourists. But let's hope. Of course, it all depends on the outcome of the referendum - if Turkey is perceieved as a dictatorship, we might see further declines.
You are correct while there are a small increase in tourists from Russia and Israel it is nothing compared to the 36.2 million arrivals in 2015. According to someone I recently spoke to at Turkish tourism they spend less then Western Europeans and Turkish hoteliers would rather have German/French/British in their hotels because they spend more. They want long term steady income and contracts with major tour operators because they are hurting. Its sad to see and they work so hard to promote and increase business against a back drop of events outside their control.
TK787 wrote:Yakamoz wrote:Yes, at the moment 3 B77W on the ground. JJP is grounded due to economic reasons, JJM for maintenance, JJK no idea.
kitplane01 wrote:Culture question: Are female Turkish Airline employees required or encouraged to wear head coverings? I've never been on Turkish Airlines.
MalevTU134 wrote:kitplane01 wrote:Having said that, there is a worse problem at TK when it comes to women: they are discriminated against when it comes to promotion. As an example, there is exactly one (1) female city manager at TK, worldwide. That's down from dozens a few years back. City manager, because TK has their own Turkish staff at every station they operate into, each run as a small fiefdom.
LAXintl wrote:MalevTU134 wrote:kitplane01 wrote:Having said that, there is a worse problem at TK when it comes to women: they are discriminated against when it comes to promotion. As an example, there is exactly one (1) female city manager at TK, worldwide. That's down from dozens a few years back. City manager, because TK has their own Turkish staff at every station they operate into, each run as a small fiefdom.
Non-sense. There are plenty of women in various roles including leadership.
Until recently the VP/General Manager of US stations was female. Over her 21 years at TK she earned increasing leadership roles including country manager in two European nations over 6-years.
One of seven non-executive board members is female. How many female board members are there in US airlines for example?
Multiple department heads are also female.
As far as overseas post, sure there are less females, but that is as much a fact of lower female participation rate in labor force in Turkey (29% in 2014 per World Bank), but also overseas assignment career path is not the most conducive for families.
A very large number of the male overseas managers are single, as they are sent like diplomats from one assignment to another after 2-3 years, so its not very stable. Also assignments can often be in quite undesirable locations such as growing Africa network.
MalevTU134 wrote:kitplane01 wrote:Culture question: Are female Turkish Airline employees required or encouraged to wear head coverings? I've never been on Turkish Airlines.
If you mean flight attendants, then no. During my over 100 TK long-haul and short-haul flights, I have yet to see a flight attendant, or airport employee wearing head coverings.
Having said that, there is a worse problem at TK when it comes to women: they are discriminated against when it comes to promotion. As an example, there is exactly one (1) female city manager at TK, worldwide. That's down from dozens a few years back. City manager, because TK has their own Turkish staff at every station they operate into, each run as a small fiefdom.
KarelXWB wrote:RobK wrote:TC-LJK 777 has been in storage at PAE since December and not expected to be going anywhere soon "due to poor economic situation in Turkey" (not my words).
The aircraft is not mothballed, maybe it's just short term storage?
RobK wrote:Hi Karel, those are your words about it being mothballed, not mine!
It is parked/stored (call it what you will) round the back of the delivery centre which is not a location they put them if they're in/about to enter production testing and delivery. According to a post from a reliable source, delivery has been deferred indefinitely.
Airbus A330 -243F 1768 TC-JOZ Turkish Airlines delivery 09feb17 TLS-IST ex F-WWYL