Latest news with #CelebiAviationHolding
India Today
23-05-2025
- Business
- India Today
India-Turkey relations
On May 22, the Ministry of External Affairs called out Turkey, saying it expects Ankara to 'strongly urge Pakistan to end its support to cross-border terrorism'. For good measure, it added that 'relations are built on the basis of sensitivities to each other's concerns'.Those relations had been on a downhill track for some time but Turkey's overt support to Pakistan after the Pahalgam attack made matters worse. Post-Operation Sindoor, on May 15, the Bureau of Civil Aviation Security had revoked the security clearance of Istanbul-headquartered Celebi Aviation Holding's Indian subsidiary which provided ground-handling services at nine key airports, including Delhi and Mumbai, citing 'national security concerns'.
Mint
21-05-2025
- Business
- Mint
Business hurt by withdrawal of security clearance, Turkey's Celebi tells Delhi HC
Mumbai: Celebi Aviation Holding, a Turkish ground handling and cargo operator, told the Delhi High Court (HC) on Wednesday that India's decision to scrap the firm's security clearance was against the principles of natural justice, and that the move had affected its business operations in the country. It said that its business contracts with airports across India are now being cancelled, after the government last week scrapped the firm's security clearance citing national security risks. 'Our (Celebi's) business and contracts have been affected,' said senior counsel Mukul Rohatgi, who is representing the Turkish company in the matter. Rohatgi argued that the government's move was in violation of the 'principles of natural justice'. India on 15 May withdrew the security clearance of Celebi's Indian airport services arm, citing national security risks and halting its operations at nine airports, including Delhi and Mumbai. The decision came amid growing demand for boycotting the firm headquartered in Istanbul, Turkey—a country that sided with Pakistan in the recent escalation of tensions with India. The government revoked the clearance after Turkey publicly backed Pakistan and criticized India's strikes on terror camps during Operation Sindoor, launched in retaliation to the deadly Pakistan-sponsored terror attack on 22 April in Jammu and Kashmir's Pahalgam that killed 26 tourists. The government, however, stood its ground, asserting that it had the powers to revoke security clearances and it does not need to assign any reasons while protecting the national security and sovereignty of the country. 'No opportunity of hearing given. It was a bolt from the blue. Without hearing, without notice, without reason...,' Rohatgi said. Arguing on behalf of the government, solicitor general Tushar Mehta contended that it is dealing with the most 'delicate' subject of civil aviation and national security and sovereignty of the nation. The court, however, asked the government to demonstrate genuine apprehensions in revoking the firm's security clearance licence. The matter will now be taken up for hearing on Thursday. Reportedly, Mehta said that an enemy can try 10 times and succeed once, but the country has to succeed all the time to protect its people and its sovereignty. In a media statement issued on 15 May, Celebi refuted all allegations and said it is a globally operated aviation services company. 'Çelebi Aviation India unequivocally refutes all allegations circulating on social media regarding the company's ownership and operations in India. The company is 65% owned by international institutional investors from across Canada, the United States, the United Kingdom, Singapore, the United Arab Emirates, and Western Europe,' said the company in a media statement. It added, 'Actera Partners II L.P., a Jersey-registered fund holds 50% ownership in Çelebi Havacılık Holding A.Ş. The remaining 15% is held by Alpha Airport Services BV, a Dutch-registered entity.' The company's over 10,000 employees have been temporarily transferred to Air India SATS Airport Services (AI SATS), AI Airport Services (AI ASL) and Bird Group. Similarly, Mumbai International Airport has appointed Indo Thai Airport Services for ground handling services.
Economic Times
18-05-2025
- Business
- Economic Times
Keeping countries company: Deglobalisation does not alter the need for corporate nationality— it actually reinforces it
Do corporate citizenship and matters like 'nationality' matter for companies, especially those aspiring for 'MNC-hood', in circa 2025? GoI's revocation of security clearance to Istanbul-based Celebi Aviation Holding for providing airport ground handling services in India certainly reinforces the argument that it does. In fact, ironically, they seem to matter more in a globalised pledging to stand by Islamabad in 'good times and bad' - including during the aftermath of the latest Pakistan-backed terrorist attack in Pahalgam that saw an escalation in India-Pakistan conflict - Turkiye is helping Pakistan extend the life cycle of arms bought from Nato members that have since switched off the supply pipeline. This places Turkiye in the same corner as China from India's national security perspective. Turkish companies operating in India must, therefore, adjust to the evolving companies face a raft of security obstacles in doing business in India, running the gamut of capital monitoring to outright bans. The Indian response is shaped by strategic relations with China that have deteriorated over border disputes. Some of India's concerns around the links Chinese companies have to the country's military complex are shared by the developments debunk the notion that companies tend to outgrow their home markets to become stateless economic agents. While governments facilitate cross-border investment, they are unwilling to lose agency over the source of capital, or identity of the vehicle it is transported in. Corporate passports, thus, matter, and investment treaties are structured to improve structures have become increasingly complex, in part driven by the opportunity to treaty-shop for favourable tax treatment. Yet, broadly, nationality can still be established through management control and beneficial ownership. The idea is to plug tax evasion, and legal interpretations have gone beyond a narrow reading of incorporation. A large majority of foreign affiliates are easy to identify with both the direct and ultimate owner from the same country. Conduit structures emerge when direct and ultimate owners are in different foreign countries. Round-tripping occurs when the ultimate owner is from the host country and the direct owner is from a foreign country. Domestic hubs arise when the direct owner is from the host country, but the ultimate owner is the list above, conduit structures and round-tripping present policy challenges to countries by widening investment coverage to unintended foreign and domestic economic agents. Complex ownership structures, by and large, facilitate tax entities to shift incidence from high-tax to low-tax jurisdictions. Tax avoidance and treaty abuse can be curbed through improved identification of corporate nationality. It also serves national security a corporate standpoint, presenting nationality is a powerful calling card. It reinforces branding and can be used to gain market access. This matters when supply chains have become globalised where the culture of management and shareholders acts as a differentiator. Since most global investment decisions are designed to optimise taxes, emphasising or de-emphasising national identity can be used as a business can push their agenda for environment, labour and consumer protection through corporate nationality. Multinationals operating across jurisdictions can act as a harmonising force over standards by their needs to abide by the highest levels available. Governments have cause beyond tax and security to uphold corporate nationality, and this contributes to its abiding importance. It helps direct investment to countries a government is comfortable doing business with. Deglobalisation does not alter the need for corporate nationality. It actually reinforces it. Markets vacated by foreign companies are filled up by local firms, and this process becomes accretive. This is the premise of governments offering protection to domestic industry through tariffs. Donald Trump is asking Apple to make more iPhones at home. The offer is most certainly available to Samsung as well. But the preference is clearly for the domestic company. MNCs will try to keep deglobalisation in check, because it doesn't make sense to build everything at home. Their advantage lies, apart from innovation, in scale, and they must be free to seek either where it is available. TikTok has offered to rearrange its corporate structure to satisfy US lawmakers. Yet, investors in the US would prefer that it is bought over by an American company. Companies and countries have a delicate interplay of interests that serve to define corporate nationality. Nations are limited by their borders, but can extend their economic influence through the culture of their companies. This holds true across periods of integration as well as retraction in the world economy. Corporates benefit through their culture that influences organisational behaviour. They shape national engagement with the rest of the world, but are also subject to political changes. As the global order changes, cross-border acquisitions will change corporate nationality at an accelerated pace. Technology supports this trend. But caution needs to be exercised over determining corporate identity in an era of rising conflict and economic warfare. Global resources are becoming the choice of tool for countries to impose their will on others. Since companies manage most of the world's resources, they will come into the frontline of global conflict. Possessing corporate nationality under these circumstances is better than having none. It is an agent for economic progress, as well as a defence against political turmoil. Globalisation has not obscured the nationality of individuals and economic agents. A pushback will sharpen focus on
Time of India
18-05-2025
- Business
- Time of India
Keeping countries company: Deglobalisation does not alter the need for corporate nationality— it actually reinforces it
Do corporate citizenship and matters like 'nationality' matter for companies, especially those aspiring for ' MNC-hood ', in circa 2025? GoI's revocation of security clearance to Istanbul-based Celebi Aviation Holding for providing airport ground handling services in India certainly reinforces the argument that it does. In fact, ironically, they seem to matter more in a globalised economy. By pledging to stand by Islamabad in 'good times and bad' - including during the aftermath of the latest Pakistan-backed terrorist attack in Pahalgam that saw an escalation in India-Pakistan conflict - Turkiye is helping Pakistan extend the life cycle of arms bought from Nato members that have since switched off the supply pipeline. This places Turkiye in the same corner as China from India's national security perspective. Turkish companies operating in India must, therefore, adjust to the evolving geopolitics. Chinese companies face a raft of security obstacles in doing business in India, running the gamut of capital monitoring to outright bans. The Indian response is shaped by strategic relations with China that have deteriorated over border disputes. Some of India's concerns around the links Chinese companies have to the country's military complex are shared by the US. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas In Dubai | Search Ads Get Rates Undo Such developments debunk the notion that companies tend to outgrow their home markets to become stateless economic agents. While governments facilitate cross-border investment, they are unwilling to lose agency over the source of capital, or identity of the vehicle it is transported in. Corporate passports, thus, matter, and investment treaties are structured to improve identification. Corporate structures have become increasingly complex, in part driven by the opportunity to treaty-shop for favourable tax treatment. Yet, broadly, nationality can still be established through management control and beneficial ownership. The idea is to plug tax evasion, and legal interpretations have gone beyond a narrow reading of incorporation. Live Events A large majority of foreign affiliates are easy to identify with both the direct and ultimate owner from the same country. Conduit structures emerge when direct and ultimate owners are in different foreign countries. Round-tripping occurs when the ultimate owner is from the host country and the direct owner is from a foreign country. Domestic hubs arise when the direct owner is from the host country, but the ultimate owner is foreign. In the list above, conduit structures and round-tripping present policy challenges to countries by widening investment coverage to unintended foreign and domestic economic agents. Complex ownership structures, by and large, facilitate tax entities to shift incidence from high-tax to low-tax jurisdictions. Tax avoidance and treaty abuse can be curbed through improved identification of corporate nationality . It also serves national security interests. From a corporate standpoint, presenting nationality is a powerful calling card. It reinforces branding and can be used to gain market access. This matters when supply chains have become globalised where the culture of management and shareholders acts as a differentiator. Since most global investment decisions are designed to optimise taxes, emphasising or de-emphasising national identity can be used as a business strategy. Countries can push their agenda for environment, labour and consumer protection through corporate nationality. Multinationals operating across jurisdictions can act as a harmonising force over standards by their needs to abide by the highest levels available. Governments have cause beyond tax and security to uphold corporate nationality, and this contributes to its abiding importance. It helps direct investment to countries a government is comfortable doing business with. Deglobalisation does not alter the need for corporate nationality. It actually reinforces it. Markets vacated by foreign companies are filled up by local firms, and this process becomes accretive. This is the premise of governments offering protection to domestic industry through tariffs. Donald Trump is asking Apple to make more iPhones at home. The offer is most certainly available to Samsung as well. But the preference is clearly for the domestic company. MNCs will try to keep deglobalisation in check, because it doesn't make sense to build everything at home. Their advantage lies, apart from innovation, in scale, and they must be free to seek either where it is available. TikTok has offered to rearrange its corporate structure to satisfy US lawmakers. Yet, investors in the US would prefer that it is bought over by an American company. Companies and countries have a delicate interplay of interests that serve to define corporate nationality. Nations are limited by their borders, but can extend their economic influence through the culture of their companies. This holds true across periods of integration as well as retraction in the world economy. Corporates benefit through their culture that influences organisational behaviour. They shape national engagement with the rest of the world, but are also subject to political changes. As the global order changes, cross-border acquisitions will change corporate nationality at an accelerated pace. Technology supports this trend. But caution needs to be exercised over determining corporate identity in an era of rising conflict and economic warfare. Global resources are becoming the choice of tool for countries to impose their will on others. Since companies manage most of the world's resources, they will come into the frontline of global conflict. Possessing corporate nationality under these circumstances is better than having none. It is an agent for economic progress, as well as a defence against political turmoil. Globalisation has not obscured the nationality of individuals and economic agents. A pushback will sharpen focus on identity.
Zawya
15-05-2025
- Business
- Zawya
India revokes security clearance for Turkey's Celebi
India revoked the security clearance of Celebi Airport Services India, a unit of Turkey's Celebi, with immediate effect, citing national security concerns, the country's civil aviation ministry said in an order on Thursday. New Delhi's decision came a day after travel booking firms said Indians were cancelling holidays in popular resorts in Turkey and Azerbaijan following the countries' support for Pakistan during the recent conflict with India. Celebi Aviation Holding, the parent of Celebi Airport Services, whose website says it operates ground handling services at nine airports in India including Delhi, Mumbai and Bengaluru, was not immediately available for a comment. Murlidhar Mohol, India's deputy civil aviation minister, said the government had received requests from across India to ban Celebi Airport Services without providing details. "Recognising the seriousness of the issue and the call to protect national interests, we have taken cognizance of these requests and Ministry of Civil Aviation has revoked security clearance of the said company," Mohol said on X. The Shiv Sena party, a key ally in Indian Prime Minister Narendra Modi's government, had held protests against Celebi in Mumbai this week, demanding the city's airport sever ties with the Turkish company. Deadly fighting broke out between India and Pakistan last week after New Delhi struck what it said were "terrorist camps" in Pakistan in retaliation for an attack in Indian Kashmir last month that killed 26 men, which it said was backed by Islamabad. Pakistan denied involvement, but both countries sent missiles and drones targeting each other's military installations in the days that followed. The nuclear-armed neighbours reached a truce on Saturday that has largely held. Turkey and Azerbaijan, popular budget holiday destinations for Indians, issued statements backing Islamabad after India's strikes. A top Indian university, the Jawaharlal Nehru University in the capital New Delhi, said it has suspended an academic agreement with a Turkish university. "Due to national security considerations, the MoU (memorandum of understanding) between JNU and Inonu University, Turkiye stands suspended until further notice," JNU said on X. (Reporting by Abhijith Ganapavaram, Writing by Sudipto Ganguly and Surbhi Misra; Editing by YP Rajesh and Bill Berkrot)
