Earlier this month, we posted an in-depth story that looked at the relevance of national airlines. Part of that analysis focused on Turkish Airlines, which was "privatized" by the government even though it still owns a 49 percent stake. Turkish Airlines is betting big on a new $11 billion airport nearing completion in Istanbul, which it hopes will eventually handle 200 million passengers a year as a major hub between the East and the West.
This week, Business Travel Editor Andrew Sheivachman was in Istanbul for a conference hosted by Turkish Airlines. The gathering had the autocratic vibe of an airline still very much under government control. No surprise, the messages were upbeat about the airline's prospects. But a geopolitical cloud hangs over Turkey. President Recep Tayyip Erdogan has made enemies in both the U.S. and Russia. That uncertainty looms heavily on Turkish Airlines, too, no matter how bullish its shareholders have been or how glimmering its new hub will be when it finally opens.
No comments:
Post a Comment