Articles Tagged with: launch

Turkish Airlines to launch Istanbul-Sydney flights in mid-2016


Turkish Airlines plans to begin flights between Istanbul and Sydney next year, with Melbourne to follow, airline CEO Temel Kotil has confirmed to Australian Business Traveller.

The flights are slated to take off in the northern summer, “in June”, Kotil said. “We are coming, and that’s final.”

Singapore, Bangkok, Jakarta and even the Maldives – all currently served by Turkish Airlines – are shortlisted as the stopover cities, with Turkish abandoning hopes of a non-stop flight of some 17 hours.

However, Kotil says a cap imposed by aviation authorities on flights between Turkey and Australia would prevent the airline running a daily schedule.

“Under the current arrangement we can (fly to) Sydney three times a week only, and Melbourne could be twice a week only” Kotil said, on the sidelines of a gathering of Star Alliance airline CEOs in Warsaw.

“We are asking the authorities to make them daily, because less than daily doesn’t make sense. Hopefully by next summer, the civil evaluation (authorities) will have solved the problem and we can be daily to Sydney, and Melbourne will follow.”

Kotil did not reveal if the route would be flown by the airline’s flagship Boeing 777-300ER.

Regarded as one of Europe’s best airlines, Turkish Airlines has previously been cautious about the impact of the Qantas-Emirates partnership on its long-wished-for Sydney-Istanbul flights, but “demand for Australia to Turkey is very high” Kotil says.

Both routes aim to deliver travellers within one flight of most European cities, although Turkish Airlines’ Istanbul hub would call for significantly shorter hops than Dubai.

Filed under : News

Borsa Istanbul to launch IPO of stock exchange


Borsa Istanbul, Turkey’s main stock exchange, has officially announced its search for a bookrunner for its initial public offering of shares, the company said in a statement on Tuesday.

“Borsa Istanbul, the sole exchange entity of Turkey, intends to launch an IPO for the sale of shares, tentatively amounting to 42.75 percent of its existing share capital, owned by the Republic of Turkey Prime Ministry Undersecretariat of Treasury, with the objective of their listing in Turkey,” the statement said.

The selection process to find institutions, like banks or brokerages, to manage the IPO has begun, the statement said. Proposals may be prepared and submitted until march 6,

The Turkish government announced its intention to take the exchange public in November.

Turkey enacted a capital markets law in 2012 to improve corporate governance practices in the country. The government merged the Istanbul Stock Exchange, Gold Exchange and Derivatives Exchange into Borsa Istanbul in 2013 as it seeks to create an international financial center in the city.

As part of this process, Borsa Istanbul, in mid-January signed a deal allowing the London Stock Exchange to list futures and options based on its indexes and on some Turkish stocks. The company also signed a strategic partnership agreement with the Nasdaq OMX Group on Dec.31, 2013,

Filed under : News

ARTIST Istanbul fair to launch with Chinese artists


Welcoming 1,000 artists, 150 galleries and 25 other groups for a week of art, the 23rd Istanbul International Art Fair ARTIST is set to kick off this weekend at the Tüyap Fair and Convention Center in Büyükçekmece with China receiving pride of place.

The event will also feature honorary awards that are given every year to commemorate outstanding contributions to various branches of plastic arts.

This year’s artist of honor award will be given to Professor Mustafa Ata for his significant contribution to sculpture in Turkey, while the critic of honor award will be given to Professor Ahmet Kamil Gören. The benefactor of art award is set to be bestowed on the Portakal Çiçeği International Plastic Arts Colony, while the collector of honor award will be given to Erol Evgin.

This year, the art fair will feature a large number of Turkish and international art galleries, universities and art platforms, as well as a special exhibition in honor of Ata.

Exhibitors in the Art Fair will include more than 100 Turkish artists, but there will also be foreign art galleries and institutions exhibiting work during the nine-day fair.

The highlight of the fair will be a large, government-sponsored exhibition of artists from China. The exhibition of modern art will include works by 16 prominent artists like Bing Xu, Ye Liu and Lei Xu under an overarching theme of “Tradition Coming to Life.” The works to be exhibited include ink and mineral dye on paper, oil paint, printing, installation, sculpture and ceramics.

The fair will host a number of exhibitions by important artists. In addition to almost 1,000 artists, 150 art galleries and 25 independent groups and initiatives, the event will exhibit the works of almost 150 young artists in their respective exhibitions. ARTIST 2013 will occupy two halls this year and have a total exhibition space of 12,500 square meters.

As one of the key partners of the Istanbul Art Fair, independent groups and art initiatives will represent an alternative perspective with noteworthy exhibitions and works in a variety of modern art disciplines. Close to 25 independent art groups will be joining ARTIST 2013. Independent groups composed of hundreds of artists and sculptors will also be having exhibitions this year.

Interviews and panel discussions during ARTIST 2013 will host artists, academics, critics, experts and institution representatives. The events will be held in the Event Area in Hall 7.

Information on the art galleries and independent artists participating in the fair, as well as exhibitions and other events during the festivities, can be found at www.facebook.com/istanbulsanatfuari and www.twitter.com/SanatFuari.

The 23rd International Istanbul Art Fair will be held concurrently with the 32nd International Istanbul Book Fair organized by TÜYAP Fairs in association with the Publishers’ Association of Turkey.

Filed under : News

Find Your Destination

Most Commented Articles

Featured Video

Photo Gallery