New Airport in Istanbul Could Generate $14 Billion in Air Traffic

Author: other Posted January 17, 2012

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

SummaryPrint 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.
Author Kenan Akin Posted January 17, 2012
TranslatorTimur Göksel

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.

Read More: http://www.al-monitor.com/pulse/business/2012/01/14-billion-dollars-from-the-blue.html

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