07-May-2009 11:31 AM
TAV Airports’ shares surge as Turkish Airlines orders five B777-300s, – Share Wrap
Analysis
Shares in Turkish airport operator, TAV Airports, surged yesterday as Turkish Airlines announced an order for five B777-300ERs, bucking the global trend for capacity reductions. The Star Alliance member's passenger numbers soared 15.8% in 2008 and rose a further 8.4% in the first three months of 2009 to 4.9 million. Cargo volume rose 6.4% in the first quarter.
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