Turkish Airlines Wants Additional Traffic Rights To IndiGo: CEO Bilal Eksi

Turkish Airlines is open to a unilateral increase in traffic rights to Indian carriers that will allow them to increase the number of flights to Türkiye, Chief Executive Officer Bilal Eksi said on Tuesday.

Usually, traffic rights are exchanged on a reciprocal and equal basis between two countries. Turkish Airlines, however, is willing to support a unilateral increase in rights to IndiGo, which is its strategic partner.

Additional traffic rights, if granted, will allow to carry more traffic to Türkiye and onwards to Europe, boosting its international operations.

“I believe the Turkish Authority would have no objection to such a proposal as long as the foreign airline is a strategic partner,” Eksi said on the sidelines of the CAPA India Summit.

Such a unilateral increase in traffic rights will be unique to Türkiye and may also receive a nod from the Indian government. The ministry and could not be immediately contacted for a comment.

Turkish Airlines and have a codeshare partnership since 2018. Earlier this year, Turkish Airlines wet-leased a wide-body Boeing 777 aircraft to IndiGo. A second Turkish aircraft with 531 seats will be placed in service between India and Istanbul from May 1, helping the traffic significantly.

The load factor from India to Turkiye is 95 per cent. From Türkiye to India, it is 80 per cent and going up.

“Both sides are benefitting from this partnership. All operational issues are being resolved and there are dedicated teams in both countries looking after the operations. We are pleased with the performance and it shows that more capacity is needed between the two countries," Eksi added.

RECENT NEWS

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more

Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector

The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more

JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism

In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more

Big Banks Vs. Regional Banks: The Battle For Market Share

The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more

The Evolution Of Philanthropic Advisory Services In Private Banks

The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more