Turkey's TAV stated (30-Apr-2013) its board of directors has decided to bid in the tender to be held on 03-May-2013 as per the tender specifications of Istanbul’s New Airport Project to be undertaken by Build-Operate-Transfer model within the framework of the procedures and principles defined by the General Directorate of State Airports Authority (DHMI) as per the law no 3996 and cabinet decree no 2011/1807. [more - original PR]
TAV to bid for new Istanbul Airport
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Turkey's fifth largest airline by seat capacity, LCC Onur Air, has thrown its operation into reverse. After growing scheduled seat numbers at an average rate of 11% pa for four years, including growth at around 20% for most of 2016, it will cut capacity by 20% this winter.
A series of geopolitical events has weighed heavily on demand for air travel in Turkey, particularly in international travel. Weak trading conditions have also prompted the market leaders – national airline Turkish Airlines and LCC Pegasus – to halt their own rapid growth. Onur Air is bigger in the domestic market than it is in the international market, but much of its 2016 expansion was driven by international growth, particularly to Germany.
Onur's network faces strong competition on almost every route, particularly on international routes, and this has clearly posed a severe challenge in the face of falling demand.