Turkish Forum

Category: Business

  • Croatia Airlines Begin Flights to Istanbul After 12 Years

    Croatia Airlines Begin Flights to Istanbul After 12 Years

    Croatia Airlines began flights from Zagreb to Istanbul’s Ataturk International Airport on Wednesday after an interval of 12 years.

    Croatia Airlines’ Airbus A319 passenger jet arrived in Istanbul Wednesday carrying Turkish and Croatian flags.

    The passengers of the Croatian jet were greeted at the Ataturk International Airport with flowers.

    Speaking at a ceremony to mark Croatia Airlines’s first flight from Zagreb to Istanbul, Croatia Airlines President Srecko Simunovic said that flights from Zagreb to Istanbul would contribute to the friendship between Turkey and Croatia, strengthen cooperation and boost mutual tourism.

    Croatia Airlines’ flights between Zagreb and Istanbul would take place on Tuesdays, Thursdays and Sundays.

    Wednesday, 18 May 2011

    A.A

     

  • Drugmaker Abdi Ibrahim in Talks on Minority Stake Sale

    Drugmaker Abdi Ibrahim in Talks on Minority Stake Sale

    By Ercan Ersoy – May 18, 2011 10:30 AM GMT+0200

    (Corrects 2010 sales in third paragraph.)

    Abdi Ibrahim Ilac Sanayi & Ticaret AS, Turkey’s biggest generic drugmaker, said it’s in talks with foreign companies on the possible sale of a minority stake.

    The company’s owners don’t plan to sell a majority, Chief Executive Candan Karabagli said today in Istanbul. Foreign interest is holding up despite government cuts to drug prices, she said.

    Abdi Ibrahim aims to raise sales this year to $850 million from $834 million in 2010, she said.

    To contact the reporter on this story: Ercan Ersoy in Istanbul at eersoy@bloomberg.net

    To contact the editor responsible for this story: Steve Bryant at sbryant5@bloomberg.net

    via Drugmaker Abdi Ibrahim in Talks on Minority Stake Sale – Bloomberg.

  • Dominique Strauss-Kahn Resigns As Head Of International Monetary Fund

    Dominique Strauss-Kahn Resigns As Head Of International Monetary Fund

    r DOMINIQUE STRAUSSKAHN
    Dominique Strauss-Kahn is arraigned Monday, May 16, 2011, in court for the alleged attack on a maid who went into his penthouse suite at a hotel near Times Square to clean it, in New York, Monday, May 16, 2011. (AP Photo/Richard Drew, Pool)

    SINGAPORE, May 19 (Reuters) – Dominique Strauss-Kahn resigned as head of the International Monetary Fund, the IMF said in a statement dated May 18, as he faces charges of sexual assault and attempted rape.

    “I deny with the greatest possible firmness all of the allegations that have been made against me,” Strauss-Kahn said in his letter of resignation, released by the IMF.

    (Reporting by Emily Kaiser)

    www.huffingtonpost.com, 19 May 2011

  • Hawker Beechcraft Adds MNG Jet of Turkey as New Limited Service Center

    Hawker Beechcraft Adds MNG Jet of Turkey as New Limited Service Center

    Hawker Beechcraft Corporation

    GENEVA, Switzerland (May 18, 2011) – Hawker Beechcraft Global Customer Support (GCS) today announced that it has appointed MNG Jet at Ataturk Airport in Istanbul, Turkey, to its worldwide network of limited service centers to support its Hawker 750, 800, 800XP, 850XP and 900XP business jets.

    “MNG Jet can now offer both line and scheduled maintenance service for Hawker 800 and 900 series jets,” said Christi Tannahill, Hawker Beechcraft vice president, GCS. “Further, in cooperation with our company-owned facility in Chester, United Kingdom, MNG Jet is also able to offer AOG services as a part of the Hawker Beechcraft Services Quick Response Team network. Both capabilities will be of great service to our customers in the region.”

    MNG Jet provides EASA Part 145-approved line and base maintenance service on a 24/7 basis. It has a 1,200 square meter business aircraft hangar in Ankara and has begun construction on an additional 5,500 square meters of service facilities at Ataturk.

    Headquartered in Wichita, Kan., Hawker Beechcraft GCS is dedicated to improving the value of Hawker Beechcraft aircraft by employing products and services to simplify aircraft ownership, reduce operating cost and increase resale value. GCS is comprised of four functional groups that include Support Plus (cost predictability/warranty programs), Hawker Beechcraft Parts & Distribution (genuine factory parts), Hawker Beechcraft Services (factory-owned service centers) and Technical Support (Field Support Representatives, Hot Line specialists and Technical Publications).

    Hawker Beechcraft Corporation is a world-leading manufacturer of business, special mission and trainer aircraft – designing, marketing and supporting aviation products and services for businesses, governments and individuals worldwide. The company’s headquarters and major facilities are located in Wichita, Kan., with operations in Salina, Kan.; Little Rock, Ark.; Chester, England, U.K.; and Chihuahua, Mexico. The company leads the industry with a global network of more than 100 factory-owned and authorized service centers. For more information, visit www.hawkerbeechcraft.com.

    via Hawker Beechcraft Adds MNG Jet of Turkey as New Limited Service Center @ AMTOnline.com Top News.

  • Efforts underway to boost bilateral trade between Turkey, Pakistan: Ambassador

    Efforts underway to boost bilateral trade between Turkey, Pakistan: Ambassador

    ANKARA: Pakistan�s Ambassador to Turkey H.E. Tariq Azizuddin in a meeting with a visiting delegation of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) said efforts are underway to further boost existing annual bilateral trade between Turkey and Pakistan from the present US$997 million to US $ 2 billion by 2012.

    According to press release issued here on Wednesday, the Ambassador informed that next session of Pakistan Turkey Joint Economic Commission will be held in Turkey that will help identify new projects for investment in Pakistan. Led by Senator Haji Ghulam Ali, President FPCCI, the delegation attended 66th General Assembly of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) at Ankara besides visiting various industrial facilities and business meetings with their Turkish counterparts.

    To give further momentum to growing economic ties between Pakistan and Turkey, Senator Ghulam Ali in his interaction with the Turkish investors invited them to have joint ventures with Pakistani business houses. He said improved productivity, focus on enhancing the skills of the workforce, value addition, and quality control could boost Pakistan exports.

    via ONLINE – International News Network.

  • Turkey’s Show TV up for sale? | Advanced Television

    Turkey’s Show TV up for sale? | Advanced Television

    By Chris Forrester

    Turkey’s Cukurova Holdings, which also controls pay-TV platform Digiturk, is looking to sell a 49 per cent stake in its popular general entertainment channel Show TV.

    Reports suggest that the stake could be sold to US private equity players in order to reduce Cukurova’s heavy tax debts. KKR and Texas Pacific are both named as potential buyers.

    Show TV is said to be worth at least $800 million, and could top $1 billion in value on a typical multiple of 12-times earnings, say local reports.

    Cukurova might not be finished with its tax-paying efforts suggest local reports, with sources suggesting that elements of DigiTurk itself, or telco Turkcell which it controls might also be sold off.