BGC Partners: Turkish Airlines <THYAO TI> 2Q19 Conference Call Highlights
The management is planning to revise its 2019 guidance after the announcement of Aug-19 traffic figures. Parallel to grounding of B737-Max aircraft and inability to receive further aircraft from this model, delays in deliveries of A321 Neo aircraft due to manufactural problems by Airbus, ASK growth was limited to 0.7% in1H19.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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