Turkish Airlines has undertaken a significant overhaul of its senior leadership, appointing new executives to key roles while also deciding to suspend dividend payouts from its 2025 earnings due to rising geopolitical tensions and economic uncertainty.

According to a filing with Turkey’s Public Disclosure Platform (KAP), the airline named former Chief Commercial Officer Ahmet Olmustur as its new Chief Executive Officer following the retirement of long-serving CEO Bilal Eksi.

In another board-level change, Murat Seker has been appointed chairman, replacing Ahmet Bolat, who has stepped down from the position.

The restructuring also includes changes in the company’s financial and commercial leadership. Metin Gulsen, previously Senior Vice President for Accounting and Financial Control, has been promoted to Chief Financial Officer. Meanwhile, Harun Basturk, who served as Senior Vice President for Regional Sales, has taken over as Chief Commercial Officer.

The airline said the leadership transition comes at a time when the global aviation industry continues to face significant challenges, including volatile fuel prices, capacity constraints, and ongoing disruptions linked to conflicts in the Middle East.

In a separate announcement, Turkish Airlines confirmed it will not distribute dividends from its 2025 net profit, which stands at 118.2 billion lira (about $2.65 billion). Instead, the company plans to retain earnings to strengthen its cash reserves.

The airline stated that the decision reflects a cautious financial strategy aimed at protecting long-term shareholder value amid heightened uncertainty and continuing conflict conditions in the region.

This marks a shift from recent dividend activity. Turkish Airlines did not issue dividends for its 2023 profits, but in 2025 it approved a cash dividend based on 2024 earnings, amounting to a gross 6.88 lira per share (5.85 lira net).

Following the announcements, Turkish Airlines shares rose 1.1 percent, while Turkey’s benchmark BIST 100 index gained 1.37 percent in trading.

The exchange rate was noted at 1 US dollar equal to 44.6763 lira.

Source: ZAWYA

Turkish Airlines has undertaken a significant overhaul of its senior leadership, appointing new executives to key roles while also deciding to suspend dividend payouts from its 2025 earnings due to rising geopolitical tensions and economic uncertainty.

According to a filing with Turkey’s Public Disclosure Platform (KAP), the airline named former Chief Commercial Officer Ahmet Olmustur as its new Chief Executive Officer following the retirement of long-serving CEO Bilal Eksi.

In another board-level change, Murat Seker has been appointed chairman, replacing Ahmet Bolat, who has stepped down from the position.

The restructuring also includes changes in the company’s financial and commercial leadership. Metin Gulsen, previously Senior Vice President for Accounting and Financial Control, has been promoted to Chief Financial Officer. Meanwhile, Harun Basturk, who served as Senior Vice President for Regional Sales, has taken over as Chief Commercial Officer.

The airline said the leadership transition comes at a time when the global aviation industry continues to face significant challenges, including volatile fuel prices, capacity constraints, and ongoing disruptions linked to conflicts in the Middle East.

In a separate announcement, Turkish Airlines confirmed it will not distribute dividends from its 2025 net profit, which stands at 118.2 billion lira (about $2.65 billion). Instead, the company plans to retain earnings to strengthen its cash reserves.

The airline stated that the decision reflects a cautious financial strategy aimed at protecting long-term shareholder value amid heightened uncertainty and continuing conflict conditions in the region.

This marks a shift from recent dividend activity. Turkish Airlines did not issue dividends for its 2023 profits, but in 2025 it approved a cash dividend based on 2024 earnings, amounting to a gross 6.88 lira per share (5.85 lira net).

Following the announcements, Turkish Airlines shares rose 1.1 percent, while Turkey’s benchmark BIST 100 index gained 1.37 percent in trading.

The exchange rate was noted at 1 US dollar equal to 44.6763 lira.

Source: ZAWYA

International law firm Bird & Bird has acted as global legal adviser to Oman Air in its acquisition of a controlling stake in SalamAir, Oman’s leading low-cost carrier. The deal involves the purchase of 90% of SalamAir’s issued share capital, marking a significant development in the country’s aviation sector.

The move aligns with Oman’s long-term economic framework, Vision 2040, which prioritizes aviation as a key driver of diversification, tourism growth, and international connectivity. Authorities view the transaction as a step toward building a more competitive and sustainable aviation ecosystem.

Under the government’s dual airline strategy, both Oman Air and SalamAir will continue to operate independently, maintaining separate branding, market positioning, and service models. SalamAir will retain its focus on budget travel, while Oman Air will continue offering full-service operations, targeting premium and long-haul markets.

Officials expect that closer coordination between the two carriers will enhance operational efficiency across the sector. The approach aims to expand travel options for passengers while optimizing cost structures and improving overall financial performance, including in related services such as ground handling.

The acquisition is also intended to strengthen the financial sustainability of Oman’s aviation industry. With government backing, SalamAir is positioned to expand its low-cost network further, supporting regional mobility and attracting inbound tourism.

Established in 2016 and headquartered in Muscat, SalamAir operates a growing network across the Middle East, South Asia, and East Africa. Meanwhile, Oman Air, founded in 1993, serves as the Sultanate’s national carrier, connecting Oman to key destinations across Europe, Asia, Africa, and the Middle East.

The Bird & Bird legal team was led by partner Simon Allport in London, supported by senior associate Will Holder and colleagues from its Singapore office. The firm collaborated with Oman-based legal advisers Al Busaidy, Mansoor Jamal & Co., led by partner Mansoor Malik.

Source: ZAWYA

The European Union Aviation Safety Agency (EASA) announced on Thursday that it is extending its guidance for airlines to avoid flying over the Middle East and Gulf regions. The advisory, originally set to expire on April 10, will now remain in effect until April 24, according to an updated bulletin on conflict zones.

EASA advises carriers to exercise caution when planning routes in these areas due to heightened risks associated with ongoing regional tensions. Airlines operating in or near the affected airspace are urged to review safety protocols and adjust flight paths accordingly.

India’s aviation sector experienced significant disruption in March, with airlines cancelling 3,025 international flights out of nearly 16,000 scheduled services, according to aviation analytics firm Cirium. The figure represents a thirteenfold increase compared to cancellations recorded in February.

Among carriers, Air India Express was the most affected, cancelling 1,215 international flights—approximately half of its planned operations for the month. SpiceJet also faced substantial disruption, grounding more than 55 percent of its international services.

India’s largest airline, IndiGo, cancelled around 10 percent of its 7,432 scheduled international flights in March. Meanwhile, Air India reported cancellations affecting 13 percent of its operations, a sharp rise from just 2 percent in the previous month.

The report further indicated that IndiGo and the Air India group collectively reduced over 310,000 seats on routes connecting India and the Gulf region compared to February. This decline reflects broader operational challenges linked to regional instability.

Asangba Chuba Ao, Joint Secretary at India’s Ministry of Civil Aviation, noted that daily flights between India and the Middle East dropped significantly—from 300–350 services to just 80–90. Since the onset of the Gulf conflict on February 28, Indian carriers have cancelled more than 10,000 flights, he added.

Long-haul routes to Europe and North America have also been affected, with airlines forced to take extended flight paths due to airspace restrictions. These detours have increased travel times and operating costs, contributing to what officials described as “unprecedented disruption” in global aviation networks.

In response, the Directorate General of Civil Aviation (DGCA) has introduced temporary flexibility in flight duty time limitations for pilots operating long-haul routes. The measure allows extended flying hours and duty periods to help airlines manage operational strain and crew shortages. The relaxation will remain in effect until April 30, after which authorities will reassess the situation.

Officials emphasized that the situation remains fluid and subject to further review depending on developments in the coming weeks.

Addressing cost pressures, Ao highlighted that while global aviation turbine fuel (ATF) prices have risen sharply, the Indian government has moderated the impact domestically. With ATF accounting for roughly 40 percent of airline operating expenses, partial price adjustments have helped maintain stable domestic airfares.

Additionally, authorities have permitted international airlines to deploy passenger aircraft for cargo operations. This move aims to safeguard supply chains and ensure uninterrupted transport of essential goods despite ongoing disruptions.

Source: Khaleej Times

Oman Air saw a notable increase in passenger traffic during the first quarter of 2026, carrying 1.456 million travelers across its network. Point-to-point travel surged 19%, with January alone welcoming 608,000 passengers compared to 544,000 in the same month of 2025.

Flights to Salalah experienced a significant boost, rising 23% to 127,000 passengers in Q1 2026 from 103,000 the previous year. The airline expanded its route network with four new services, including Singapore, Salalah to Dubai, Tashkent, and Sochi, while also introducing two additional connections from Salalah to Moscow and Taif.

Oman Air continues to grow its fleet, recently adding a Boeing 737 Max 8 to support its expanding operations. The airline attributed its strong performance to strategic network development and a continued focus on service excellence.