Wealth Fund: We Will Not Sell THY Shares

Recently, Türkiye Wealth Fund (TVF) is one of the companies badly affected economically by the coronavirus outbreak. Turkish Airlines, which is It was said that he stepped in to save (THY), and it was claimed that he could sell his part of THY shares partially or completely to foreigners.

Commenting on the news about Turkish Airlines in recent days to the AA correspondent, Türkiye Wealth Fund General Manager Zafer Sönmez, said that TVF had no thoughts or plans to sell Turkish Airlines shares and that such a situation had never even occurred to them.

'We have no plans to sell even one THY share'

Stating that he could not make sense of the news published in various media organs, Sönmez made a statement on the subject. “We have 49.12 percent shares in THY. We have no plans to sell even one THY share. I say this clearly. This needs to be understood. This is not a matter to be manipulated. “I think what was written was malicious.” he said.

Sönmez underlined that THY is one of the most important airline companies in the world. new medicine coronavirus with the epidemic Reminding that the world aviation industry is going through a difficult period due to (COVID-19), he stated that THY has successfully carried out its own plans, necessary cash flow and financing needs.

Stating that there were actually a lot of opportunities during the pandemic period and that people overlooked them, Sönmez continued his statement as follows:

"THY is about to become one of the top five companies in the world in cargo. It is making a great breakthrough. We are always behind THY. There are no plans at the moment, and it would not be right for us to say anything based on speculation. THY will be one of the winning players in the aviation industry during the pandemic period, I can say this clearly. Global will be one of the winners as the flag carrier of our country. Turkey Wealth Fund is always behind Turkish Airlines and will continue its support."

'Things that never come to our minds are written down'

Zafer Sönmez stated that if the second shock wave of the epidemic occurs worldwide, both the state of the Republic of Türkiye and the Turkish Wealth Fund will take action when necessary, depending on the circumstances. all kinds of support He said he would give it.

themselves too always by THY's side is Stating Sönmez, “Let alone selling shares, we have no plans to sell even 1 share. Things that never come to our minds are written down. "What is written is beyond good will." he said.

As Türkiye Wealth Fund, they are working closely with THY and are committed to are part of the same team Stating that they see it as "We are always prepared for the worst-case scenario. THY will emerge from the pandemic as a winner." He completed his speech by saying.