SBK Holding

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SBK HOLDİNG ANONİM ŞİRKETİ

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.