AJet (VF, Istanbul Sabiha Gökcen) has received a TRY15 billion lira (USD434 million) capital increase from its parent company Turkish Airlines (TK, Istanbul Airport), a regulatory filing reveals.

“The capital of our 100% subsidiary AJet Hava Taşımacılık A.Ş. has been increased by TRY15 billion in line with the company’s growth strategies,” the disclosure to Türkiye’s Public Disclosure Platform read.

ch-aviation has sent Turkish Airlines a request for comment in relation to the move.

The…

Source: ch aviation
Read more: Türkiye's AJet obtains 4mn capital increase