Pegasus Receives
TSI Seats Design and Engineering Competition Award Winners
Uber Copter on Demand Service From Manhattan to JFK
Boeing breaks record sales with $2 billion in e-commerce
Istanbul Airport – Cargo City
COVID-19: Both a Poison & an Antidote for Aviation Industry

Pegasus Receives "Risk Management and Resilience" Award From EuroFinance

Issue 13 - 2022
Pegasus Receives

Pegasus Receives "Risk Management and Resilience" Award From EuroFinance.

Barbaros Kubatoğlu, chief financial officer of Pegasus Airlines, said: "Aviation is one of the sectors most affected by the pandemic. At the height of the pandemic, there were months when we had to halt all our flights due to travel restrictions. During this challenging period, as we managed our treasury operations, our focus areas were the protection of our equity and the effective management of our cash flow in case the pandemic continued. We believe that we successfully navigated through this period by managing our treasury position on a day-to-day basis. We continually updated our hedging policy, especially by closely monitoring brent oil prices. In order to keep our cash position under control and meet our funding needs, we used loans, issued USD-denominated Eurobonds and TL-denominated bonds." And continued: "All of this was accomplished in one year and with our balance sheet results nearing 2019 year-end figures, we are now an airline that came out of the pandemic stronger. This significant award that we receive from EuroFinance is a great source of pride for us.”

ATU Opened Its Renewed Store at Skopje Airport
New Record from Sabiha Gökçen Airport in the Number of International Arrivals
Croatia Airlines Signs Firm Order for Six A220 Aircraft
Electric Aircraft Alice – Maiden Flight for Greener Air Freight
Copyrights © 2019 All Rights Reserved by Aviation Turkey.