Turkish Airlines Inc. (THYAO) has made a significant announcement today, stating that the capital of its wholly owned subsidiary, THY Real Estate Investment Services Inc., will be increased.
In a disclosure to the Public Disclosure Platform (KAP), it was revealed that the capital of THY Real Estate Investment Services Inc. will be raised to 7.5 billion TL.
This development, closely followed by the public, reinforces Turkish Airlines’ future steps in real estate investments. The capital increase is expected to be utilized for the implementation of major projects in the coming period.
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