BGC Partners: THYAO Meeting Notes
Around US$100mn cost saving possible in 4Q19… Cost cutting in cabin interior maintenance, reducing catering costs, sales and marketing costs, possible discounts to be obtained in handling, overhead, IT expenses, lower bridge utilization in Istanbul Airport are the components of the cost reduction programme. In 2020, cost saving might be around US$150-200mn.Turk Hava Yollari is engaged in the airline industry with the airline flying to 103 destinations, throughout Turkey and internationally. As of the year end, Co. maintains 66 aircrafts with a total seat capacity of 10,672, and leases a A300-200 cargo aircraft. Co. has various services for their customers which include: various ways of checking in and on-line ticket sales.
BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.
We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:
- Mergers & Acquisitions
- Equity Capital Markets
- Debt Finance & Advisory
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