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When Turkey’s government lowered its stake in Turkish Airlines (THY) to 49% in May 2006, the national carrier had fewer than 100 aircraft in its fleet and was operating an average of 460 flights per day.
Roughly half of those services were domestic flights, with the airline having enjoyed a monopoly on internal sectors for almost all of its seven-decade-long history.
But, following its transition to private hands, THY’s fleet has ballooned to 235 aircraft; its flight count has reached 1,200 per day; and its home market has been transformed into a vibrant, competitive landscape where the flag-carrier provides barely half of all domestic capacity.
This remarkable growth took less than a decade to achieve, and Kotil said a similar timeframe must now pass before THY even considers slowing down...