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Turkey’s LCC sector on the rise

18-Sep-2008

Turkey is on the rise. Invigorated flag carrier, Turkish Airlines, is scouting for foreign investment opportunities while Turkish airport operator/developer, TAV, is blazing a trail across emerging markets, picking up lucrative airport modernisation and management projects. Turkey also has a vibrant low cost airline scene, with SunExpress, Anadolujet and Pegasus all undergoing rapid expansion, as we review in this Perspective. [1217 words]

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Subheadings:

  • Strong traffic growth as economy performs
  • 1) SunExpress Revenue and traffic up a third in 1H08
  • Revenue up 36%; passenger traffic up 46% in Jun-08
  • Year of "strategic growth" ahead in 2008
  • Launches 17 new services in Sep-08
  • 2) Anadolujet Targets 2 million passengers in 2008
  • Network expansion planned for the six-month old airline
  • 3) Pegasus Fleet to keep on growing; doubles B737-800s order to 24
  • Network to grow accordingly
  • Outlook: Strong growth ahead

Graphs and data:

  • Turkey GDP growth: 2000 to 2008F
  • Turkey's air traffic growth: 2003 to 2007
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