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

ClearBank UK Profit Leads To European Growth

ClearBank has spent much of the past decade building the technology and regulatory infrastructure needed to challenge so... Read more

Bank Of London Continues To Rebuild

ClearBank’s progress shows that modern clearing and banking infrastructure can become a sizeable and profitable busine... Read more

JPMorgan's Berlin Moment: Chase Takes On Europe

There is something quietly symbolic about JPMorgan Chase choosing Berlin as its gateway into continental Europe. In a fo... Read more

What Strategy's Bitcoin Sale Really Tells Us

There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more

Coutts Sets Scope On New Continent

Coutts steps into private marketsCoutts, the private bank best known for serving Britain’s wealthiest families and the... Read more

From Cypherpunk To Citadel

How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more