BoraJet Airlines
Turkish Airlines in talks to acquire local carrier's Embraer 190 fleet
Turkish Airlines (THY) is set to start acquisition talks with carrier BoraJet to buy the airliner's Embraer 190 fleet and employ its flight crew following the latter's announcement on April 24 that it temporarily suspended all of its operations for a restructuring process.
Local carrier halts operations for restructuring ahead of new Istanbul airport opening
Turkish carrier BoraJet Airlines has announced the temporary suspension of operations for a restructuring process to prepare itself for Istanbul's new airport, the firm said in a statement April 24.
The company's ownership was recently changed and Turkish private equity firm SBK Holding acquired the local carrier late in 2016 from U.S.-based Turkish businessman Yalçın Ayaşlı.