New Airport in Istanbul Could Generate $14 Billion in Air Traffic
By: Translated from Other.
Temel Kotil, CEO of Turkish Airlines [THY], is advocating the construction of a third airport for Istanbul, claiming that it will generate US $14 billion in additional revenues from the Middle East alone
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Temel Kotil, the CEO of Turkish Airlines, is calling for the construction of a third, state-of-the art airport in Istanbul. He believes that the existence of such a “mega hub” could persuade Europe-bound flights originating in Asia and the Middle East could be persuaded to land in Istanbul instead of Beirut. Kenan Akin reports.Publisher: Other
14 Billion Dollars from the Blue Air of Middle East
First Published: January 16, 2012
Posted on: January 17 2012
Translated by: Timur Goksel
Kotil says that Istanbul needs to offer a “mega hub” of advanced and high-quality air services. He noted that many airlines from the East first land in Beirut before flying on to Europe, to avoid paying carbon emissions taxes. If Istanbul had a third major airport, all those planes would land in Istanbul instead of Beirut, [he argues].
[Kotil] estimates that by the end of 2012 THY will be flying to 220 destinations and adding 60 more, making his company [Turkey’s] foremost airline. THY, which is nearing 38 million passengers, will need to work much harder to catch up with Lufthansa’s 55 million, he added.
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