Pegasus Receives
American Airlines Announces Agreement to Purchase Boom Supersonic Overture Aircraft, Places Deposit on 20 Overtures
IBA FORECASTS STRONG HEADWINDS FOR AVIATION IN 2020
Istanbul Sabiha Gökçen International Airport: A Strategic Growth Hub for Turkish Aviation
BGS Strengthens Partnership with Ryanair
Turkish Cargo Returns to Maastricht Aachen Airport
Leonardo's AW09 Achieves Global Market Success, Expands into Europe



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.”


Star Alliance - World’s Best Airline Alliance at 2025 Skytrax Awards
EGYPTAIR Discloses Order for an Additional Six Airbus A350 Aircraft
AURA AERO Presented Update on Integral and Era Programs at Eaa Airventure Oshkosh 2025
Turkish Airlines and Airlink have Signed a Codeshare Agreement
Copyrights © 2019 All Rights Reserved by Aviation Turkey.