Turkish Airlines
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The overview section of this company provides information about the company. Information such as industry, company, corporate, business and financial information.
The overview section of this company provides information about the company. Information such as industry, company, corporate, business and financial information.
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. Sister Concern is not a legal term and it is not necessary for owners of the company to be same in sister concern company. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way.
A brand featured service or product that distinguishes the airline good or service from those of other airlines. Brands are used in business, marketing, and advertising for recognition and, importantly, to create and store value as brand equity for the object identified, to the benefit of the brand’s customers, its owners and shareholders. They provide enormous value to the company or individual, giving them a competitive edge over others in the same industry. As such, many entities seek legal protection for their brands by obtaining trademarks.
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. When two or more companies come together to form a temporary partnership for the purpose of carrying out a particular project, such partnership can also be called a joint venture.
An equity co-investment or partnership is a minority investment in a company made by investors alongside a private equity fund manager or venture capital (VC) firm. Equity co-investment enables other investors to participate in potentially highly profitable investments without paying the usual high fees charged by a private equity fund. Equity co-investment opportunities are typically restricted to large institutional investors who already have an existing relationship with the private equity fund manager. In 2014, Etihad Airways introduced its own global alliance with the aim of linking several of its major airline investments to drive an improved global network and enhanced scheduling. Equipped with equity stakes in struggling airlines such as Air Berlin in Germany and Jet Airways in India, Etihad hoped that money would buy greater coordination, which would, in turn, drive revenue growth.
A codeshare agreement, also known simply as codeshare, is a business arrangement, common in the aviation industry, in which two or more airlines publish and market the same flight under their own airline designator and flight number (the “airline flight code”) as part of their published timetable or schedule. Typically, a flight is operated by one airline (technically called an “administrating carrier” or “operating carrier”) while seats are sold for the flight by all cooperating airlines using their own designator and flight number. The term “code” refers to the identifier used in a flight schedule, generally the two-character IATA airline designator code and flight number. Thus, XX224 (flight number 224 operated by the airline XX), might also be sold by airline YY as YY568 and by ZZ as ZZ9876. Airlines YY and ZZ are in this case called “marketing airlines” (sometimes abbreviated MKT CXR for “marketing carrier”). Most of the major airlines today have code sharing partnerships with other airlines, and code sharing is a key feature of the major airline alliances. Typically, code-sharing agreements are also part of the commercial agreements between airlines in the same airline alliances.
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