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Turkish Airlines expands codeshare with airBaltic
Turkish Airlines Boeing 787-9 Dreamliner photographed on August 23, 2019 from Wolfe Air Aviation Learket 25B. Since 2023, the two airlines have jointly operated flights between Istanbul and Riga under a codeshare arrangement. This latest agreement builds on that foundation, allowing both carriers to tap into new markets, broaden their route networks, and enhance connectivity for their passengers. Under the expanded agreement, Turkish Airlines will place its flight code on select airBaltic-operated flights from Riga to Turku (TKU) and Tampere (TMP) in Finland, as well as Palanga (PLQ) in Lithuania. In return, airBaltic will place its flight code on Turkish Airlines-operated routes from Istanbul to the following destinations: Tbilisi (TBS), Batumi (BUS), Ashgabat (ASB), Baku (GYD), Dushanbe (DYU), and Bishkek (FRU). These new routes will be launched following the completion of regulatory approvals. Commenting on the expansion, Turkish Airlines CEO Bilal Ekşi said: “We are pleased to further strengthen our partnership with airBaltic. This expanded codeshare agreement reflects our commitment to offering more travel options and improved connectivity for our passengers. As the airline flying to more countries than any other, we will continue bridging continents and cultures through strategic collaborations and a growing network.” Pauls Cālītis, Interim CEO and COO of airBaltic, commented: “We are glad to take the next step in our partnership with Turkish Airlines. This collaboration provides even more travel opportunities for Baltic passengers through Turkish Airlines’ extensive global network. At the same time, travellers from Türkiye can now enjoy greater access to airBaltic’s destinations across the Baltics and Northern Europe. We look forward to continuing this successful cooperation.” As part of the extended partnership, both airlines will place their respective marketing flight numbers on the newly included routes, in addition to the existing Riga-Istanbul-Riga service. The agreement continues to attract growing passenger numbers, offering seamless travel experiences and improved connectivity through the carriers' respective hubs.
Turkish Airlines and TAP Air Portugal Expand Cooperation
Turkish Airlines, the airline that flies to more countries than any other in the world, and TAP Air Portugal, the flag carrier of Portugal and the leading European airline flying to Brazil, are expanding their existing codeshare partnership. As part of the recently expanded agreement announced during the IATA Annual General Meeting held in New Delhi, both carriers will now provide their guests with a broader range of seamless travel options beyond their current global networks. Brazil, Morocco, Qatar, and Mauritius are new and exciting destinations entering the scope of cooperation. Additionally, Dalaman and Bodrum, Türkiye’s prominent summer destinations, have also been added to the agreement, further augmenting travel options between Türkiye and Portugal, enhancing access to sought-after leisure destinations. Commenting on the agreement, Turkish Airlines CEO Bilal Ekşi stated: "We are pleased to further strengthen our long-standing partnership with TAP Air Portugal. Enhanced scope of the new arrangement offers greater flexibility and a wider range of travel options, while contributing to the development of commercial and tourism relations between our countries. We look forward to continuing this valuable collaboration in the years ahead." TAP Air Portugal CEO Luís Rodrigues added: “Because of our network structure we need to find intelligent ways to connect us to the east. Cooperating with great partners is our way forward to do that. This will provide our global passengers and our Portuguese community with increased options to visit new and exciting places using our Turkish Airlines partner.” This enriched cooperation not only enhances the network presence of both carriers but also fosters increased tourism and business traffic between Türkiye and Portugal, as well as to key destinations across South America, Africa and the Middle East.
Thai Airways and Turkish Airlines sign joint business agreement
Thai Airways International Public Company Limited (THAI) and Turkish Airlines formally signed a joint business agreement yesterday, 1st June, in New Delhi, India. The signing was held during the 81st IATA Annual General Meeting and is seen as a vital step towards enhancing cooperation between the two flag-carriers. This collaboration builds on the successful launch of THAI's daily flights from Bangkok to Istanbul which were launched in December 2023 along with Turkish Airlines’ extensive flight network. Likewise, this agreement is expected to have a positive impact on the tourism sectors of the two nations, thus contributing significantly to both local and transit passenger traffic. Working together Through this latest agreement, the Star Alliance member airlines will work together to unlock substantial passenger traffic potential between Türkiye and Thailand. Given Turkish Airlines’ globally renowned flight network which is among the world's most expansive and Thai Airways’ strength within the Asia Pacific, their respective guests stand to enjoy a seamless travel experience all over the world thanks to the creation of an attractive product range. Thai Airways chief executive Chai Eamsiri said: “The agreement between THAI and Turkish Airlines on operating codeshare flights in Bangkok-Istanbul route is scheduled to be implemented in this winter 2025-2026 flight schedule, subject to the respective authorities’ approval. This agreement is the opportunity for both carriers in enhancing their route networks and exploring business opportunities which shall extend to their further routes in the future. Under THAI’s ‘Network Airline’ strategy, passengers are conveniently connected to domestic destinations in Thailand as well as other destinations in Asia.” For his part, Turkish Airlines’ chairman of the board and executive committee Ahmet Bolat declared: “We are glad to enhance the existing cooperation between Turkish Airlines and THAI, as it marks a significant milestone to further develop the tourism potential between Türkiye and Thailand. This collaboration will provide seamless travel experiences, expand connectivity between the two regions and offer guests more options through both airlines’ networks.”
Turkish Airlines Announces First Use of SAAFI for New Aircraft Deliveries
Turkish Airlines has mandated the first financing structure to use the Sompo AXIS Aviation Finance Insurance (SAAFI), Aviation Non-Payment Insurance (ANPI) product. This transaction, sealed at a signing ceremony in Tokyo, Japan, marks a significant milestone in aviation financing insurance as it is the first time SAAFI has been mandated following its launch earlier this year. Under the terms of the mandate, JP Lease will arrange equity and Sumitomo Mitsui Banking Corporation (SMBC) will provide the debt to Turkish Airlines for the delivery of one A350-900 and one A321-271NX aircraft (both expected in 2026). SMBC’s loan is supported 100% with an ANPI policy provided by the SAAFI insurers, Sompo and AXIS. This use of the SAAFI ANPI product in connection with a Japanese Operating Lease with Call Option (JOLCO) structure has allowed Turkish Airlines to significantly lower its all-in cost of financing. The policy was brokered by Willis, a WTW business (NASDAQ: WTW). "We are pleased to be the launching customer of “SAAFI” with the support of our valued insurers Sompo and AXIS, Insurance broker Willis, our long-term business partners SMBC and JP Lease. At Turkish Airlines, we are committed to participating in the development of innovative solutions that support our growth and fleet renewal strategies. With financing models like SAAFI, we not only enhance our financial flexibility and resilience but also reinforce our leadership in the industry,” said Assoc. Prof. Murat Şeker, Turkish Airlines Chief Financial Officer and Member of the Board and the Executive Committee. Tim Gaul, Financial and Political Risks Underwriter at Sompo said: “Sompo is honoured to have been mandated by our long-term partner Turkish Airlines to launch the SAAFI product on its inaugural financing of two Airbus aircraft. Sompo has extensive experience in the Aviation Non-Payment Insurance market having been involved in the financing of more than 120 aircraft globally over the past eight years. We believe our partnership with AXIS through SAAFI will be a welcome addition to our current suite of aviation financing products available to our customers, with Turkish Airlines the first of many who will benefit from our additional capacity.” Richard Jelf, Senior Underwriter at AXIS said: “AXIS is proud to be bringing the SAAFI product to the aircraft finance market alongside Sompo and thrilled to have Turkish Airlines as our first customer. Building on our extensive experience in the aviation sector, SAAFI is an important addition to our product offerings in the Aircraft Non-Payment Insurance space. Through this initiative, AXIS can partner with new and existing customers, playing an important role in both their growth as well as that of the airline industry.” Stuart Ashworth, Managing Director of Financial Solutions, Willis, a WTW business, added: "We are delighted to be able to assist Turkish Airlines and SMBC with this financing. This is also our first SAAFI mandate from Turkish Airlines; an innovative financing solution supporting an innovative, dynamic and forward-thinking airline."
Turkish Airlines implements Europe’s first Triple Independent Runway Operations
Turkish Airlines marked a historic milestone in Türkiye’s aviation journey as iGA Istanbul Airport became the first in Europe to implement Triple Independent Runway Operations on Thursday, 17th April. This remarkable advancement reinforces the airport’s role as our global hub and solidifies Türkiye’s strategic position at the heart of international air travel. The launch was attended by Türkiye’s minister of transport and infrastructure Abdulkadir Uraloglu, General Directorate of State Airports Authority (DHMI) chair and general director Enes Çakmak,Turkish Airlines’ chairman of the board and executive committee Ahmet Bolat, and iGA Istanbul Airport board member Mehmet Kalyoncu among others. The launch saw three Turkish Airlines aircraft take off simultaneously under live operations, highlighting not only the capabilities of iGA Istanbul Airport but also the strength and sophistication of Türkiye’s aviation ecosystem. A notable first Emphasising that the Triple Independent Runway Operations mark a first for Türkiye and European aviation and a historic step for global aviation, Uraloglu expressed pride on how Türkiye is currently the only country to implement this system. He said: “Istanbul Airport has now risen to the top tier of global aviation: not only with its traffic volume but also in terms of operational capacity and technical capability. With this system, air traffic flow will accelerate, the dynamic capacity of our airport will significantly increase, and we will offer our passengers faster and safer service. When Istanbul’s strategic location, which bridges continents, is combined with this new capability, our airport will take on an even more critical role in global aviation logistics.” Bolat added: “As Turkish Airlines, we are proud to be part of yet another historic moment for Turkish aviation. With the simultaneous take-off of three of our aircraft, our main hub iGA Istanbul Airport has achieved a first in Europe. This operational capacity will enhance the efficiency of our flights and serve as a significant milestone on our path toward continued growth.” With the integration of Triple Independent Runway Operations, iGA Istanbul Airport has increased its hourly aircraft movement capacity, significantly boosting operational efficiency. For Turkish Airlines, this means shorter taxi times, fewer delays, and enhanced punctuality, thus delivering a smoother, faster, and more sustainable experience for flag carrier’s guests. The system also contributes to reducing carbon emissions, aligning with global airline’s long-term environmental commitments.
Turkish Airlines Holidays expands globally
Turkish Airlines has launched its comprehensive package holiday brand globally, offering travellers a seamless way to plan and book their trips in one place. The launch event held at The Peninsula London Hotel welcomed numerous distinguished guests from around the world, marking a strategic expansion for the brand. Holidaymakers can now arrange flights, hotels, tours, activities, car rentals, airport transfers, insurance and more through holidays.turkishairlines.com with just a few clicks. Previously available only for outbound flights from Türkiye, Turkish Airlines Holidays has now expanded to key markets including the UK, Europe, South Korea, Mexico, Australia, and many more through strategic partnerships with HBX and PerfectStay. This expansion marks a significant milestone in Turkish Airlines’ aim to provide seamless and high-quality experiences for travellers worldwide. Building on this momentum, Turkish Airlines Holidays is preparing for its launch in the U.S. in the coming months. Commenting at the exclusive launch event, Turkish Airlines Chief Executive Officer Bilal Ekşi said: “Passengers travelling outbound from Türkiye have enjoyed the convenience of booking their entire trip through Turkish Airlines Holidays. Now, we are extending this seamless experience to travellers worldwide, making holiday planning easier than ever while strengthening our global presence. We are delighted to provide such comprehensive, one-stop booking options for our guests, further improving their travel experiences.” Nicolas Huss, Chief Executive Officer of HBX, also shared his thoughts on this milestone moment: Today’s travellers expect a seamless and connected booking experience. With this in mind, we are proud to embark on this strategic partnership with Turkish Airlines to launch Turkish Airlines Holidays. Through this collaboration, passengers can now enhance their journeys by combining flights with our extensive global inventory of accommodations, transfers, car rentals, and experiences—powered by Perfect Stay’s advanced packaging technology—to create the ideal getaway. As a company dedicated to connecting global travel, we are thrilled about this opportunity and eager to shape the future of travel together." Launching Turkish Airlines Holidays globally not only highlights the flag carrier’s commitment to passenger experience but it also promotes Türkiye as a must-visit destination, supporting Turkish Airlines’ goal of promoting the country and contributing to Turkish tourism on a global scale. Exclusive Launch Offer To celebrate the global launch, Turkish Airlines Holidays is introducing a special promotional campaign. Travellers who book their first holiday package or tour to Türkiye through Turkish Airlines Holidays will receive airport lounge access. They can also enjoy exclusive discounts of up to £350/€350 based on their total spend during the launch period. A Smarter Way to Travel Turkish Airlines Holidays offers travellers a comprehensive and flexible way to book their dream destinations: Holidays in over 60 countries: The most extensive airline holiday brand, offering packages across 200+ destinations from over 60 countries. Exclusive flight & hotel advantages: Special pricing and bundled packages for better value. Best price guarantee: Competitive and reliable pricing for worry-free booking experience. Tailor-made tours: Personalised itineraries catering to unique travel preferences. Expansive service network: A selection of over 550,000 hotels and services in 300+ destinations. Extra Miles&Smiles rewards: Earn additional miles on holiday package bookings, not just on flights. ABTA and ATOL guarantee: Full financial security and peace of mind for travellers. These certifications ensure that bookings are safeguarded against unexpected situations, changes, or disruptions providing peace of mind throughout the travel experience. Flexible payment plans: Instalment options, making dream vacations more accessible. Free checked-in baggage: A complimentary baggage allowance on all holiday bookings.
Turkish Airlines launches flights to Ohrid in North Macedonia
Turkish Airlines has launched flights to Ohrid, one of North Macedonia’s key tourism cities, taking its global flight network to 353 destinations. This is the airline’s second destination in North Macedonia, the first being the country’s capital Skopje. Türkiye’s national carrier, which flies to more destinations that any other airline, is operating four weekly services between Istanbul Airport and Ohrid St. Paul the Apostle Airport during the summer. This new route strengthens Turkish Airlines’ regional network, offering passengers more travel options in Europe. Lake Ohrid, one of Europe’s richest areas in terms of biodiversity, was included in the UNESCO World Heritage List in 1979, making it a symbol of the city. In 1980, the entire city of Ohrid was placed under UNESCO protection due to its historical, cultural and natural significance. Commenting on the launch of Ohrid flights, Turkish Airlines’ CEO Bilal Eksi said: “At Turkish Airlines, we believe that our newly launched flights to/from Ohrid, one of Europe’s oldest settlements, will create new opportunities for both tourism and business. Additionally, it will further enhance cultural exchange with Ohrid, a city that reflects the essence of the Balkans and carries traces of the Ottoman heritage.” Turkish Airlines is offering special promotional fares for flights booked between April 1-15, 2025 for travel between April 15 – August 28, 2025. Single fares for travel from Istanbul to Ohrid and vice versa start from £107. These fares are available on the official Turkish Airlines website; prices may vary at ticket offices and travel agencies. Flight schedule details: 2025 WINTER SCHEDULE FLIGHT NO START DATE END DATE DAYS DEPARTURE ARRIVAL TK 1011 27/03/2025 28/03/2025 Thursday, Friday IST 13:00 12:40 OHD TK 1012 27/03/2025 28/03/2025 Thursday, Friday OHD 13:30 17:10 IST 2025 SUMMER SCHEDULE FLIGHT NO START DATE END DATE DAYS DEPARTURE ARRIVAL TK 1009 30/03/2025 20/10/2025 Monday, Sunday IST 10:35 11:15 OHD TK 1010 30/03/2025 20/10/2025 Monday, Sunday OHD 12:05 14:45 IST TK 1011 03/04/2025 24/10/2025 Thursday, Friday IST 12:55 13:35 OHD TK 1012 03/04/2025 24/10/2025 Thursday, Friday OHD 14:25 17:05 IST All times are local.
Turkish Airlines Open returns to Türkiye after six years
Turkish Airlines, the airline that flies to more countries than any other, has renewed its title sponsorship of the Turkish Airlines Open through a partnership with the Turkish Golf Federation. After a six-year hiatus, the tournament will once again be part of the DP World Tour’s Race to Dubai. The tournament will be held at Regnum Carya Golf & Spa Resort in Antalya from 8 - 11 May 2025. The sponsorship signature ceremony was held at the Turkish Airlines Headquarters, with the participation of Turkish Airlines CEO Bilal Ekşi, Turkish Golf Federation Deputy Chairman of the Board of Directors Nihat Özdemir, and DP World Tour Tournament Partnerships Director Mark Casey along with other senior executives. On the agreement, Turkish Airlines CEO Bilal Ekşi stated: “As Turkish Airlines, we remain committed to connecting people and cultures around the globe through the pursuit of excellence in sports. In line with this commitment, we are glad to take another step in supporting sports and athletes through the Turkish Airlines Open.” Turkish Golf Federation Deputy Chairman of the Board of Directors Nihat Özdemir, said, “With the Turkish Airlines Open tournament to be held in May, a leg of Europe's largest professional golf tour is returning to our country. I would like to extend our gratitude to the tournament’s title sponsor, Turkish Airlines, for its significant contributions.” DP World Tour Tournament Partnerships Director Mark Casey, also added: “The DP World Tour is delighted to welcome Turkish Airlines as title partner, as the Turkish Airlines Open returns to the Race to Dubai this season. We look forward to arriving in the golfing hub of Antalya once again, working alongside Turkish Airlines, Turkish Golf Federation and all tournament partners to deliver what I’m sure will be a memorable week.” Having been the title sponsor of Turkish Airlines Open since 2013, Turkish Airlines hosted some of the world’s most renowned professional golfers, including Tiger Woods, Sergio Garcia, Martin Kaymer, Justin Rose, and Rory McIlroy in Antalya until 2019. Additionally, the Turkish Airlines World Golf Cup, the world's largest amateur golf tournament organized by the flag carrier since 2013, is being held in 117 destinations in 73 countries this year. 3
Turkish Airlines is flying high with USD2.4 billion profit for 2024
Turkish Airlines has reported a US$2.4 billion profit for 2024 in a challenging aviation industry hit by geopolitical and global tensions, aircraft production delays and engine issues. The carrier also revealed a cash dividend of $260 million for the same period, partly owing to its share buyback strategy. Net debt fell by $8.3 billion in the past three years, reflecting the airline’s strong performance. This follows Turkish Airlines’ impressive growth during the past 20 years, with the airline outperforming sector averages in capacity, passenger numbers and profitability. Turkish Airlines’ total revenues in 2024 increased by 8.2% year-on-year to $22.7 billion. Passenger revenue rose by 4% under intensifying competition, while cargo revenue grew by around 35% compared to 2023. Turkish Cargo increased its annual cargo volume by over 20%, becoming the world’s third-largest air cargo carrier according to data published by the International Air Transport Association. Around $18 billion of the airline’s total revenue was attributed to exports, while total assets were worth $40 billion, growing 18-fold since 2002. Earnings Before Interest, Tax, Depreciation, Amortisation, and Rent totalled $5.7 billion with a margin of 25.3%, aligning with the carrier’s long-term targets. When discussing the airline’s performance, Prof. Ahmet Bolat, Turkish Airlines Chairman of the Board and the Executive Committee, said: “Turkish Airlines continues to set industry benchmarks with its strong financial performance and strategic growth as showcased by our 2024 results. “Despite global challenges, we remain committed to delivering our award-winning service and expanding our global network, while providing long-term value for our investors, employees, and of course our guests. Prof. Ahmet Bolat “As we move forward towards our 100th anniversary, we take pride in strengthening Türkiye’s position as a key player in global aviation and forge ahead on our journey to the top.” 2024 marked a year of milestones and achievements for Turkish Airlines. Reinforcing its leadership position as a global connector of continents and cultures, the carrier officially received the Guinness World Records™ title for “Most Countries Flown to by an Airline”. Expanding into a new continent with the addition of Melbourne and Sydney routes to its network, Turkish Airlines also launched flights to Santiago, Chile, increasing its served countries to 131 and total international destinations to 299. In 2024, Turkish Airlines was recognised as the “5-Star Global Airline” by APEX (Airline Passenger Experience Association) for the fourth time, “Best Airline in Europe” by Skytrax for the ninth time and “Most Sustainable Flag Carrier Airline” for the third time by World Finance. The fleet increased by 12% to 492 aircraft in 2024, supporting Turkish Airlines’ ambition to have 800 planes by 2033. Also last year, the airline secured $1.8 billion in aircraft financing and became the first carrier to agree a finance deal in Chinese Yuan. It issued a sustainability linked loan for aircraft financing for the first time and was awarded six separate financing accolades by industry publication Airline Economics. Employing over 95,000 people along with its subsidiaries, Turkish Airlines represents Türkiye in the global air transportation industry with its unique flight network, modern fleet, superior service and successful performance. The airline will continue supporting the aviation industry’s sustainable growth, in line with its 2033 strategy and Türkiye’s national development objectives.
Turkish Airlines launches flights from Istanbul to Phnom Penh from 10 Dec 2025
Turkish Airlines will commence flights from Istanbul to Phnom Penh on 10 December 2025, establishing the first regular service between Europe and Cambodia’s capital. The service – marking the seventh flag carrier to fly to Phnom Penh – is set to improve trade relations between Türkiye and Cambodia, contributing to the Asian country’s economy. The airline will operate three-weekly flights to Phnom Penh via Bangkok. Flights will depart from Istanbul to Phnom Penh on Wednesdays, Fridays, and Sundays, while flights from Phnom Penh to Istanbul will operate on Mondays, Thursdays, and Saturdays. Phnom Penh flights will expand Turkish Airline’s Far East network to 20 cities and 21 airports. The service gives Turkish Airlines passengers easier access to one of Southast Asia’s key destinations. Commenting on the new route, Turkish Airlines Chairman of the Board and Executive Committee, Prof. Ahmet Bolat, said: “At Turkish Airlines, we continuously expand our network in Asia and strengthen our connections with strategic destinations in the region. The launch of Phnom Penh flights marks a significant step forward in this goal. Our flights to Cambodia will create new opportunities for both tourism and business. Additionally, as the only European carrier flying to this destination, we will further solidify our leadership in the region.” Flight Schedule: Flight No Start End Days Departure Arrival TK52 10 December 2025 28 March 2026 Wednesday, Friday, Sunday IST 22:05 11.15+1 BKK TK52 11 December 2024 28 March 2026 Monday, Thursday, Saturday BKK 12.50 14.20 PNH TK53 11 December 2024 28 March 2026 Monday, Thursday, Saturday PNH 18.40 20.10 BKK TK53 11 December 2024 28 March 2026 Monday, Thursday, Saturday BKK 21.40 04.55+1 IST *All times are in LMT Guests can book tickets until July 31, 2025, for travel until June 30, 2026, with fares starting from US$659 (£522) for flights from Istanbul to Phnom Penh and US$649 (£514) for flights from Phnom Penh to Istanbul. These prices are available on Turkish Airlines’ official website and may vary at ticket sales offices and travel agencies.
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