No:95 MAY/JUNE'07 - S&M Publication ltd

No.2 for PunctualityTurkish Airlines has been named Europe’ssecond most punctual airline with83.9 percent of departures on time in2006.According to the Association of EuropeanAirlines (AEA), Turkish Airlinesincreased its number of departures ontime by seven percent last year.While 76.5 of all Turkish Airlines departureswere on time in 2005, this numberrose to 83.9 percent in 2006.Turkish Airlines Hosted CzechMedia14 media people from the most importantmedia companies of Czech Republichave visited Antalya and Istanbul .Organized by Prague Directorship ofTurkish Airlines, and sponsored by I’mTravelling which is a Turkish tour operatorin Czech Republic, Hillside Su Hotelin Antalya, and Nippon Hotels in Istanbul.Media people attended tours toKursunlu Water Falls, Perge, Aspendos,and Side Ancient Town in Antalya, hadlunch at Belek Gloria Golf Club, andopen buffet dinner at Hillside Su Hotel.Czech journalists also visited golf coursesin Belek, tourism centers in Kemerand attended tours to Kiris, Tekirova andOlympos. In Istanbul, tours organizedto Hippodrome, Sultanahmet Mosque,Hagia Sophia, Topkapi Palace, CoveredBazaar, Dolmabahçe Palace, BeylerbeyiPalace, Çamlica Hill. Journalistsenjoyed traditional Turkish and Ottomanfood at well-known Konyali Restaurantand Kanaat Restaurant. Journalistsexperienced a boat tour at Bosphorusand fish meal at Kumkapi and TurkishBath at Selimiye. Journalists returned totheir country after a visit to Turkish AirlinesGeneral Directorate.Thomas Cook Airlines Starts Flightsto IstanbulBelgian Thomas CookAirlines started scheduleddirect flights fromBrussels to Istanbul ,stated the company lastweek.Thomas Cook isthe only Belgian airlineswhich holds flights to Istanbul , and thecompany targets to carry 20,000 passengersthroughout this summer.There will be two flights in a week (Tuesdayand Saturday) between Brusselsand IstanbulBoeing: Growth of Turkish Aviation will Double European GrowthMarketing Directorof BoeingCommercialAirplanesDrew Magillsaid that Turkey displayed a remarkablegrowth in aviation thanks tothe developments in its economy.This growth would continue for thenext 10 years and it would doublethe European average, Magill added.Delivering a speech at a meeting whereBoeing announced its report on Turkishmarket, Magill noted that Turkisheconomy grew continuously over thelast 5 years and this growth trend wouldgo on during the forthcoming years.Magill underscored that 100 Boeingairplanes flew in Turkey currently andthey made payments worth 48 millionUSD to nearly 20 suppliers every year.“Therefore, Turkey is a strategicmarket for us,” Magill indicated.Stressing that Turkey would growby 4.5 to 5 percent during the next10 years, Magill said, the countrywould need 150-190 airplanes withinthis period and this would costapproximately 12-16 million USD.On April 6th, 2007 Turkish Airlines (THY)has announced its Consolidated FinancialResults for the Fiscal Year of 2006.As announced before, THY has establishedTurkish Airlines Technic on May23rd ,2006 and THY DO&CO AS,joint venture catering firm 50% - 50%owned by Do&Co Restaurants & CateringA.G. on September 15th ,2006.As of January 1, 2007, THY DO&COA.S. provides catering service to THY.THY, while increasing its fleet capacityby 56% from 65 aircraft to103 as of 2002 to 2006 respectively,also strictly practicing its costcutting policy to reduce its costs.As a result of fleet planning in 2004,THY placed an order of 59 aircraft, andout of 59\ 31 of them already joinedthe fleet as of March 2007. 9 and 19more aircraft will be delivered in 2007and 2008 respectively. Turkish Airlineshas completed the financing of all aircraftdelivered in 2005, 2006 and 2007at LIBOR and EURIBOR with success.Net Income as of 2006 increased by28% to $32 mn compared to previousyear. Operating Profit which was $70mn as of 2005 ended at $64 mn in2006 due to fuel price increase, whichhad negative effect of $108 mn onOperating Expenses in year 2006.Consolidated Financial Results for theFiscal Year of 2006- Net Profit $132mn (+28%)- Profit before tax $139 mn (+3%)- Operating Revenue $2.832 mn(+22%)- Assets $3.272 mn (+15%)- Passenger carried 17 mn (+20%)Turkish Airlines plans to complete themembership process in 2007 to becomea Star Alliance member, andcontinues to aim to become one of thebest global airlines in the sector by expandingits destinations and by increasingthe number of passenger carried.Turkish Airlines Grows By 25 Percent in First QuarterKoreanAir which operates in Turkey sinceMay 2006 will celebrate its first yearin Turkey on May 21, 2007. N.e.w.sTravels is the KoreanAir G.S.A in Turkey .Turkish Airlines (THY) grew by 25 percentin the first quarter of 2007, carryingover 3.9 million people despitea tough competitive sector, companyhead said. The latest increase in thenumbers of passengers came after threeconsecutive years of 20 percent growth,Temel Kotil, director general, said.“THY reached a 67.8 occupancy rateover the first three months of 2007 andit will be the fourth biggest airlines companyof Europe in 2009,” Kotil added.THY aimed at reaching a 3.2 billionUSD revenue from 20 million passengersfor 2007 with up to 250 flight destinations,which Kotil said would increaseto 900 when THY became a fullmember to of the Star Alliance -globalconsortium of 17 independent 17 airlinesplus three regional members whichoffers more than 16,000 daily flightsto 855 destinations in 155 countries.Korean Air to Celebrate its 1stYear in TurkeyKoreanAir has 3 flights in a weekfrom Istanbul to Seoul and fliesone time in a week for cargo.