Turkish Airlines Inc. (THYAO) announced its decision to establish a new company in a statement to the Public Disclosure Platform (KAP).
According to the decision of the Board of Directors, a new company named “THY Investment Management Inc.” will be established with 100% ownership by Turkish Airlines to manage various investment projects outside of THY’s main field of activity. The capital of the company has been set at 2.5 billion TL.
The statement regarding the establishment of the new company included the following:
“Our Board of Directors has decided to establish a company named ‘THY Investment Management Inc.’ with 100% ownership by Turkish Airlines to manage various investment projects outside our main field of activity.”
The establishment process of the new company will officially begin following the completion of the necessary registration procedures.
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