Turk Hava Yollari AO

The United States is poised to impose sanctions on Turkey for purchasing Russian defence systems, according to sources who said they would target the Turkish Defence Industries Directorate (SSB) and its head, Ismail Demir.

Turkish Airlines' <THYAO.IS> recent agreement with Airbus to delay the delivery of new aircraft means the company will postpone raising $5 billion of financing until after 2024, the airline's CFO said on Thursday.

Turkey's wealth fund is in talks to provide emergency funding to flag carrier Turkish Airlines <THYAO.IS>, one of the country's hardest-hit companies when the coronavirus pandemic halted nearly all flights, four sources told Reuters.

* Carrier's shares rebound 2.5% after dismal year (Adds source, CEO comments, background)

Turkey's Wealth Fund is in talks to provide emergency funding to flag carrier Turkish Airlines , one of the country's hardest-hit companies when the coronavirus pandemic halted nearly all flights, four sources told Reuters.

Turkish Airlines <THYAO.IS> will sharply cut wages of its crews and groundstaff but will avoid layoffs under a union-agreed deal as it seeks to recover from the impact of the coronavirus pandemic, a union official said on Monday.

Turkish Airlines will resume some international flights this month to China, South Korea and the United States among other destinations, the airline said on Friday, a day after it began restarting such services.

Turkish Airlines is still seeking permits from aviation authorities to resume flying international routes after a two-month suspension following the coronavirus outbreak, an official from the flag carrier said on Wednesday.

Turkish Airlines said on Tuesday it will start direct flights from 16 cities in six European countries to 14 cities in Anatolia as of June 18, including new routes it had not flown to before.

Turkish Airlines expects a slow recovery in global demand towards the end of the summer months but there will be a 60% drop in passenger numbers this year compared to initial expectations, Chairman Ilker Ayci said.

Shares of Turkish airports and carriers including Turkish Airlines rose on Monday as some domestic flights resumed following weeks of a coronavirus-related halt, as the country started to ease restrictions meant to curb the pandemic.

Turkish Airlines <THYAO.IS>, which halted nearly all of its passenger flights as a result of the coronavirus crisis, may delay the delivery of some Boeing <BA.N> and Airbus <AIR.PA> planes, its chairman was quoted as saying on Wednesday.

Turkey's flag carrier Turkish Airlines announced on Wednesday that it was extending the cancellation of its international flights to June 10 and domestic flights to June 4.

Turkish Airlines plans a gradual resumption of flights from June and will take four months to return to near full operation, a draft plan seen by Reuters showed, as the economy reopens following a slowdown in coronavirus cases.

Turkish Airlines <THYAO.IS> has extended the cancellation of international flights to May 20 from May 1 over the coronavirus outbreak, the airline said on Tuesday, adding that domestic flights would remain suspended until April 20.

Turkish Airlines has extended the cancellation of its flights from April 17 to May 1 over the coronavirus outbreak, its CEO Bilal Eksi said on Wednesday, adding that limited domestic flights would continue.

* TURKISH AIRLINES TAKING CERTAIN ACTIONS TO DECREASE THE OPERATIONAL EXPENSES AND INCREASE THE FINANCIAL LIQUIDITY OF THE COMPANY

Turkish Airlines will halt all its international flights as of March 27, except those to Hong Kong, Moscow, Ethiopia, New York and Washington, amid the coronavirus outbreak, its CEO said on Sunday.

Turkish Airlines' board chairman said on Sunday that 85% of the carrier's passenger planes were not being used at the moment, after Turkey banned flights from more than 60 countries due to the coronavirus outbreak.