Comments on: CEO Talks: Turkish Airlines Large Aircraft Order Delayed and Leasing 34 Aircraft https://samchui.com/2023/10/29/ceo-talks-turkish-airlines-large-aircraft-order-delayed-and-leasing-34-aircraft/ Sam Chui Aviation & Travel Thu, 02 Nov 2023 12:00:59 +0000 hourly 1 https://wordpress.org/?v=6.4.2 By: Andy https://samchui.com/2023/10/29/ceo-talks-turkish-airlines-large-aircraft-order-delayed-and-leasing-34-aircraft/#comment-335263 Thu, 02 Nov 2023 12:00:59 +0000 https://samchui.com/?p=49780#comment-335263 As you can see in their 2022 annual financial report, they have a “natural hedge” of foreign currency expenses (lease payments, fuel) with foreign currency revenue (ticket and cargo sales abroad). Therefore they are relatively little affected by the macroeconomic situation of Turkey.

]]> By: Matt Tan https://samchui.com/2023/10/29/ceo-talks-turkish-airlines-large-aircraft-order-delayed-and-leasing-34-aircraft/#comment-334874 Sun, 29 Oct 2023 22:48:43 +0000 https://samchui.com/?p=49780#comment-334874 In reply to Mak.

Interest rates in Turkey right now are high not low as your statement claims. Plus you can’t compare those airlines to THY, they never had the infrastructure, passenger numbers or route networks.

]]> By: Sam Chui https://samchui.com/2023/10/29/ceo-talks-turkish-airlines-large-aircraft-order-delayed-and-leasing-34-aircraft/#comment-334855 Sun, 29 Oct 2023 16:48:19 +0000 https://samchui.com/?p=49780#comment-334855 In reply to Mak.

1. Interest rate in Turkey is over 30%. 2. THY is not the likes of Kingfisher or Hainan

]]> By: Mak https://samchui.com/2023/10/29/ceo-talks-turkish-airlines-large-aircraft-order-delayed-and-leasing-34-aircraft/#comment-334848 Sun, 29 Oct 2023 14:21:20 +0000 https://samchui.com/?p=49780#comment-334848 The entire Turkish economy is a house of cards, with artificially low interest rates that encourage massive over-investment in capital goods. We’ve seen this show before in Kingfisher, Hainan, and AirBerlin.

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