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New Deal


Announced

THAI Airways and Turkish Airlines to form a joint venture.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Joint Venture

Private

Pending

Single Bidder

Airlines

Majority

Friendly

airlines

Turkey

Synopsis

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Thai Airways, a flag carrier of Thailand, and Turkish Airlines, a flag carrier of Turkey, agreed to form a joint venture. Financial terms were not disclosed. “Our customers will be able to conveniently travel between Thailand and Türkiye as well as on to Europe and other points in Asia, making full use of the extensive networks offered by THAI and Turkish Airlines,” Chai Eamsiri, THAI Airways CEO.

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