Wealth Fund prepares recovery plan for Turkish Airlines

Turkey Assets Fund (TVF) corona virus which is one of the worst affected companies from the epidemic and in the process revenue hit by Turkish Airlines (THY) with a capital support or funding had been negotiating for the program to be provided.

According to the information provided by the sources, discussions are continuing about the method of the recovery program, but it is not yet clear which method will be used and the amount of the program.

TL 2.23 BILLION LOSS IN THE SECOND QUARTER

TVF did not comment on the subject, and there was no reply from THY at the time of writing. The cessation of travel due to the Corona virus epidemic hit THY's balance sheet. The company lost 2.23 billion liras in the second quarter.

Trying to reduce costs, Turkish Airlines made an agreement with Hava-İş Union in August on a 30-50% reduction in employee wages until the end of 2021.

THE ASSET FUND HAS 49.12 PERCENT SHARE

A source close to Threads recently with Turkey Assets Fund THY that intensify their negotiations on a recovery program, said: "TVF summer, mainly transport and tourism in Turkey did a study to support the company in great difficult. It is clear that THY also needs a rescue program. This can be a capital support or a financial support ”. Turkey Assets Fund has 49.12% share in the total capital of TL 1.4 billion with thyme.

Minister of Treasury and Finance Berat Albayrak stated in his speech at the YEP meeting this week that the recovery in areas such as tourism, transportation and services has not reached the desired level yet.

THE IDEAS ARE ASSESSED ON THE METHOD

Two senior officials close to the subject in Turkey with Turkish Airlines Fund's assets on a recovery program that specifying a qualified opinion, 'as in the example of some Turkish Airlines, Lufthansa efforts to rescue the financial difficulties. Some sort of capital transfer or financing will be possible. Currently, negotiations are held for this and opinions on the method are being evaluated.

During the corona virus outbreak, airline companies suffered very serious revenue losses due to the cessation of flights. Many airlines around the world have fired a large number of employees while reducing capacity by divesting their aircraft.

GERMANS PREPARE A 10 BILLION EURO PACKAGE

The German government recently prepared a $ 10 billion rescue package for Lufthansa, which was said to lay off more than 1,000 pilots. Similarly, Air France-KLM, one of the world's major airlines, received billions of euros in government support. Global airlines trying to reduce costs are thus preparing their balance sheets for the winter months where the corona virus epidemic is expected to accelerate.

NUMBER OF PASSENGERS FALLED BY 64.6 PERCENT

According to THY's August data, the number of passengers decreased by 64.6%, while the passenger load factor dropped by 17.2 points to 67.6%. According to the information given in the investor teleconference held after THY's second quarter results, the company's monthly cash burn amounted to $ 300-350 million, while the company had $ 1.7 billion in cash.

At the same meeting, CEO İlker Aycı pointed out that some of the credit facilities allocated to THY by banks have not yet been used and stated that their hands are very comfortable until the first quarter of 2021.

Which country has no coronavirus case?

https://youtu.be/vMHc2UVk6oA

We know them wrong about coronavirus!

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✔Coronavirus is the newest most dangerous virus (false)

Coronavirus is the newest dangerous virus! (False)
First of all, this virus is not new. The coronavirus is the virus responsible for the 2003 SARS (Severe Acute Respiratory Syndrome) and MERS (Middle East Respiratory Syndrome) events that first occurred in Jordan and Saudi Arabia in 2012. Coronavirus is a dangerous disease, but we cannot say that it is the most dangerous disease in the world.

✔Those caught in coronavirus will definitely die (Wrong)

Those caught in coronavirus will definitely die! (False)
Not every coronavirus patient dies. This rate is not as high as expected. People who die from normal flu disease are 60 times more likely than those who died from coronavirus. Patients with coronavirus fatal course are generally; They are people who are weak due to a disease and elderly patients. These people need to pay more attention to virus protection and strengthen their immune systems.

✔Just stay away from someone sick (Wrong)

Just stay away from someone sick! (False)
First of all from the World Health Organization; He explained that people with symptoms (coughing, sneezing, runny nose, high fever) should stay 1 meter away. However, currently suitable for the spread of the disease is to stay at least 2 meters away from the person with the disease symptom. In addition, it is absolutely necessary to follow hygiene rules.

✔It is not possible to be protected from coronavirus (Wrong)

It is not possible to be protected from coronavirus! (False)
It is possible to be protected when you take the necessary measures. Since the main transmission route of the disease is with droplet infection that spreads through the respiratory tract during cough-sneezing, it is recommended to follow respiratory protection measures to prevent transmission. The first condition for this is; avoiding human-to-human contact. The meaning of close contact is situations such as being at a distance of 2 meters from the patient, being exposed to the droplets that he sprays through the respiratory tract during cough-sneezing, kissing, hugging. Because so the virus; it can reach the mouth, nose, eye mucosa of the nearby person. Hand hygiene is important in coronavirus as in all diseases. If hands cannot be washed, alcohol-based disinfectant should be preferred. When coughing or sneezing, cover your mouth and nose with your elbow or a tissue, then throw the handkerchief in a closed trash and wash your hands. Avoid close contact with people with flu symptoms, such as a cold, fever, or cough. If you show symptoms such as fever, cough, breathing difficulties, go to your nearest healthcare provider or doctor immediately.

✔The only way to be protected is special masks and clothes (Wrong)

The only way to be protected is special masks and clothes! (False)
Masks and special clothes are usually applied in areas where the disease is definitely seen. Other than that, there is no need for them in daily life. However, people can still use masks in bulk areas as a precaution. If the above protection methods are observed, it is possible to be protected from coronavirus.

✔It would be enough to wash my hand (Wrong)

It would be enough to wash my hand! (False)
Hand hygiene is important in protecting from coronavirus but is insufficient alone. It is also necessary to pay attention to other protection recommendations.

✔Nothing happens if I use the mask several times (Wrong)

Nothing happens if I use the mask several times! (False)
Masks are generally disposable. It should not be used even 2 times.

✔Let's not use materials from China (Wrong)

Let's not use materials from China! (False)
It is not possible to transport the coronavirus in dry products that have been on the road for a long time. As we mentioned, the virus is transmitted in close contact from person to person.

✔Let's stay away from animals (Wrong)

Let's stay away from animals! (False)
The coronavirus is thought to be transmitted through the bat and the anteater. Even if the virus is transmitted from animals in the first place, this is not the case at the moment, especially for pets.

✔These foods protect from coronavirus (Wrong)

These foods protect from coronavirus! (False)
Currently, it is not possible to protect any food from coronavirus. People should keep their immune systems strong by eating health.

Coronavirus hits technology production

Multinational technology firms LG, Samsung and Apple had to temporarily stop production at some of their factories due to the new type of coronavirus outbreak.

The new type of coronavirus ( Kovid-19 ) epidemic, which emerged in Wuhan, China, caused technology companies operating globally to stop production in some factories.

According to the information compiled by the AA reporter, the Kovid-19 outbreak, which is seen in many countries from China to South Korea, from Italy to the USA, also affected the production and supply of technology products.

South Korean technology firm LG has decided to temporarily close its two factories in the country. The company has stopped working to detect disinfection in one of its employees in the factory where the camera is manufactured in the city of Gumi.

Samsung also decided to temporarily suspend the activities of the factory after the virus was detected in the worker working in his factory in Gumi. In the statement made by the company, it was announced that the emphasis was given to the priority of the employees' health and that production was interrupted in order to take measures for the spread of the virus quickly.

Taiwan's Foxconn, which produces the devices of Apple, another multinational mobile device and software company, was temporarily closed at the beginning of February when a Kovid-19 incident occurred in one of the main production centers.

Supply chain has been disrupted

In China, which has become the largest technology production center in the world in recent years, the closure of factories or their production capacities have also caused problems in product supply.

Suppliers of products on the global e-commerce site Amazon have started to reduce their production due to the epidemic. On the day of discount opportunity that Amazon set as "Prime Day" last month, Chinese suppliers had difficulties in providing their products to Amazon customers.

Alibaba also reported problems with product supply last month. The company's top manager, Daniel Zhang, stated that they are following the production problem caused by the virus and the development of the situation.

The Mobile World Congress, in which technology companies introduced their new products, was not held in Barsenola last month after the outbreak occurred. The event was canceled after the companies announced that they would not participate.

Do you know what's Coronavirus?