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According to news portal airporthaber.com, Turkish Airlines has been granted the necessary approvals and will finalize procedures to initiate scheduled flights to Gazipasa Airport. Reportedly, scheduled flights are expected to commence this year, while no specific date has been set as of yet.
Gazipasa Airport, located near Alanya/Antalya, a well-known tourist destination in the south coast of Turkey, is run by TAV Airports Holding and the company has a concession till the end of 2032. Although it is a small airport which has a capacity of less than 1mn and its contribution to consolidated figures are at immaterial levels, we still welcome Turkish Airlines' decision to initiate scheduled flights after Pegasus and some European airlines had already started chartering some flights to the airport. Such moves will eventually lead to the enlargement of the airport and yield positive long-term results. Yet, we do not expect this news to have any material impact on share performance.
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