Turkish Airlines considers IPOs, joint ventures for cargo business

Turkish Airlines is considering joint ventures and initial public offerings (IPO) for its cargo business and regional carrier as it weighs up options to grow both internally and through deals, said the official statement. The airline also plans to participate in international bond markets, including issuing Eurobonds, to finance future investments and growth, the statement added. According to the reports, the company was looking at strategies for its subsidiaries Turkish Cargo and regional carrier Anadolujet which flies to Northern Cyprus, Europe, Western Asia, and the Middle East. “Among those, we are evaluating different strategies such as joint ventures and IPOs. We’re also planning to renew AnadoluJet’s fleet with the new-generation narrow body jets.”