Turkish Airlines to Buy Back Shares After Approval: Chairman
A Turkish Airlines fleet at Istanbul Ataturk Airport in Istanbul, Turkey.
Photographer: Artur Widak/NurPhoto via Getty Images
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Turkish Airlines will start a buyback program after it’s approved at its shareholders’ general assembly meeting scheduled on March 31, Chairman Ilker Ayci said on Sunday.
Around 85% of the carrier’s passenger planes are not being used at the moment, Ayci said in an interview with CNNTurk television, after Turkey suspended flights from more than 60 countries because of the coronavirus outbreak.