2003 Annual Report - Turkish Airlines

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Legal StatusTurkish Airlines was established on May 20, 1933, inAnkara by Law No. 2186, as a department of theMinistry of Defense as the State Airlines Administration; in1935, it was assigned to the Ministry of Public Works. In1938, this entity was renamed the General Directorate ofState Airlines. From 1939 onward, it operated as adepartment of the Ministry of Transportation.In 1955, it was restructured by Law No. 6623 as aprivate corporation to be managed and operated underprivate law. From then on, it operated as Turkish AirlinesInc.As published in the Official Gazette No. 18570 onNovember 9, 1984, Turkish Airlines was classified as aState Economic Enterprise by Statutory Decree No. 233concerning Certain State Institutions and Enterprises.The Turkish Airlines Corporation was redefined as a StateEconomic Enterprise under the jurisdiction of thePrivatization Administration according to Article 35 ofLaw No. 4046 concerning the Regulation of PrivatizationProcedures and the Amendment of Certain StatutoryDecrees, published in the Official Gazette No. 22124,dated November 27, 1994. According to Article 20/aof the aforementioned law the Corporation’s Articles ofAssociation were amended with the approval of thePrivatization Administration dated December 5, 1996and further amendments were made and approved byDecision No. 33/953, dated July 5, 2002, by theCapital Markets Board and re-approved by Decision No.1006, dated November 8, 2002, by the PrivatizationAdministration. These amendments were put into effectfollowing the approval of the Extraordinary GeneralAssembly held on January 17, 2003.According to Council of Ministers’ Decree No. 90/822,it was included among the State Economic Enterprises tobe privatized by Law No. 3291, and published in onthe Official Gazette dated September 25, 1990, No.20646. The Corporation’s new Articles of Associationwere approved by the Supreme Planning Council onOctober 30, 1990 by Decision No. 90/18, wherebythe Corporation was registered with the Trade Register onNovember 5, 1990.2
Board of Directors(as of December 31, 2003)1 Abdurrahman GÜNDO⁄DU Chairman2 Dr. Candan KARLITEK‹N Vice Chairman3 Prof. Dr. Cemal fiANLI Member4 Prof. Dr. Ömer D‹NÇER Member5 Hüseyin Atilla ÖKSÜZ Member6 Hamdi TOPÇU Member7 Mehmet BÜYÜKEKfi‹ MemberBoard of Auditors8 ‹smail GERÇEK Member9 Hasan GÜL Member10 Atefl VURAN Member952316481073
Page 1 and 2: T o w a r d n e w h o r i z o n sAn
Page 3: Turkish Airlines’ Mission Stateme
Page 7 and 8: The fact that the United States was
Page 9 and 10: Financial FiguresProfit/Loss (TL mi
Page 11: 1994-2003 Revenue Passengers1994-20
Page 14 and 15: By the end of the year, the number
Page 16 and 17: In 2003, a total of 10.4 million pa
Page 18 and 19: While scheduled domestic flightcapa
Page 20 and 21: In an effort to meet cargo demands
Page 23 and 24: We have continued to add newdestina
Page 25 and 26: As part of the Regional Aviation Pr
Page 29 and 30: HUMAN RESOURCES1999-2003 Developmen
Page 32 and 33: 30Among the services accessible via
Page 34 and 35: Miles&Miles members who purchased t
Page 36 and 37: INFORMATION TECHNOLOGYPROJECTSProje
Page 38 and 39: CAPITAL REVIEWTurkish Airlines adop
Page 40 and 41: FOREIGN CURRENCY TRANSACTIONS(ACCOR
Page 42 and 43: TURKISH AIRLINES INC.DETAILED BALAN
Page 48 and 49: TURKISH AIRLINES INC.FINANCIAL STAT
Page 50 and 51: TURKISH AIRLINES INC.FINANCIAL STAT
Page 52 and 53: TURKISH AIRLINES INC.BALANCE SHEETS
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TURKISH AIRLINES INC.STATEMENTS OF
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TURKISH AIRLINES INC.STATEMENTS OF
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TURKISH AIRLINES INC.NOTES TO THE F
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TERMS AND ABBREVIATIONSAvailable Se
Page 80 and 81:
ASIAAlmatyAmmanAshkhabadBahrainBang
Page 82:
Our FleetA340-300Number of Aircraft
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2003 Annual Report - Turkish Airlines

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