Latest news with #ÇelebiAviation
Scroll.in
2 days ago
- Business
- Scroll.in
Turkish firm Çelebi gets interim relief as HC bars Mumbai airport from finalising replacement
The Bombay High Court on Monday granted interim relief to Turkish firm Çelebi Aviation by restraining Mumbai International Airport Limited from finalising a replacement ground and bridge handling services company until the court hears Çelebi's challenge to the revocation of its security clearance, Bar and Bench reported. The court's vacation bench of Justice Somasekhar Sundaresan said its order will remain in place until a regular bench of the High Court hears the matter after summer vacations in June. Çelebi Aviation Holding's Indian subsidiary had moved the High Court after the Union government revoked its security clearance, because of which its agreements at Mumbai's Chhatrapati Shivaji Maharaj International Airport were terminated. The company's advocate said the 'sudden' revocation had negatively impacted the employment of nearly 2,088 staff members who have been trained for nearly 10 years, Live Law reported. 'The immediate revocation and subsequent termination by MIAL has put Çelebi in a position where it cannot even approach a court for a remedy,' the lawyer said. 'Ordinarily, we would have been eligible for a 30 days notice prior to the termination of contract by MIAL.' The airport authority rejected this contention, arguing it was acting in compliance with government orders in view of national security. In a regulatory filing to the Turkish stock exchange Borsa Istanbul, Çelebi Aviation said its Indian subsidiary, Çelebi Nas, has initiated three legal cases before the Bombay High Court. The first is a writ petition asking the court to pause and cancel the Union government's revocation of its security clearance. The petition names as respondents the Union of India, the Directorate General of Civil Aviation, the Bureau of Civil Aviation Security, the Airports Authority of India and the Regional Civil Aviation Office in Mumbai. The Union government revoked Çelebi' security clearance on May 15 in the backdrop of Ankara's support for Islamabad during heightened tensions between India and Pakistan, and amid reports that Pakistan used Turkish-made drones during the conflict. Before the order, Çelebi Aviation was operating at several Indian airports, including Delhi, Mumbai, Kochi, Kannur, Bengaluru, Hyderabad, Mopa (Goa), Ahmedabad, and Chennai, according to its website. The Delhi High Court is hearing a separate case filed by another subsidiary of the Turkish ground handling firm challenging a similar revocation of security clearance at the capital's Indira Gandhi International Airport.
India.com
4 days ago
- Business
- India.com
Boycott Turkey Impact: One move by India destroys this Turkish company; suffers Rs 17000000000 loss in just 24 hours; company is...
Turkey had backed Pakistan during Operation Sindoor, in which India carried out precision strikes on terror infrastructure in Pakistan and PoJK in response to the Pahalgam terror attack. Soon, the Boycott Turkey movement in India started growing, thereby leading to a sharp decline in the sale of Turkish goods, causing its nation to face economic setbacks. Moreover, the Association of Indian Universities (AIU) has urged all Indian universities to cancel academic collaborations with institutions in Pakistan, Bangladesh, and Turkey in the wake of the April 22 terrorist attack in Pahalgam, which claimed the lives of 26 civilians. According to an ANI report, in a letter dated May 15, the AIU asked vice-chancellors across India to terminate all Memorandum of Understanding (MoUs) with institutions in these three countries. The AIU cited the support extended by Bangladesh and Turkey to Pakistan as the basis for the move. Turkish companies operating in India are also facing the heat due to the Boycott Turkey trend. One such example is Çelebi Aviation, a Turkish ground-handling service provider. Recently, the Indian government revoked Çelebi Aviation's security clearance with immediate effect. According to the news agency PTI report, on May 19, the Centre said the decision to revoke clearance was taken in the interest of national security in light of certain inputs that continuing the services of the petitioner companies would be hazardous in the current scenario. Celebi, operating in the Indian aviation sector for over 15 years and employing over 10,000 people, offers its services at nine airports. The impact was swift and severe: within just two days, the company's valuation dropped by nearly one-third. As per AajTak report, the move has also put the jobs of around 3,800 employees at risk, raising concerns over possible large-scale layoffs. Bureau of Civil Aviation Safety (BCAS) on May 15 revoked the security clearance, days after Turkey backed Pakistan and condemned India's strikes on terror camps in the neighbouring country. BCAS, in its order, said, '… the security clearance in r/o Celebi Airport Services India Pvt Ltd is hereby revoked with immediate effect in the interest of national security.' The security clearance to the company, part of Turkey's Celebi, was given in November 2022. Before this boycott, leading travel companies like EaseMyTrip, MakeMyTrip, and Ixigo issued advisories recommending travelers to avoid visiting Turkey and Azerbaijan. Following the Indian government's decision, Çelebi Aviation faced a sharp financial setback, losing nearly $200 million (approx. Rs 1,700 crore) in just one day. On May 16, the company's shares on the Istanbul Stock Exchange fell by 20%, sliding 222 points to close at 2,002 liras. This decline reduced the company's market capitalization by 4.8 billion liras (around Rs 10,700 crores), marking a 30% drop from its 52-week high.
Mint
18-05-2025
- Business
- Mint
Turkey's Celebi Case: From India revoking clearance to IndoThai replacing it at Mumbai airport — All we know so far
Turkey's Celebi Case: The Turkish firm, Çelebi Aviation, which used to operate the airport ground operations in nine airports across India, has now been removed from ground handling and cargo operations amid the rising calls to boycott Turkish goods and tourism. In the last few days, Indians have been calling each other to boycott Turkish goods and tourism after the nation supported Pakistan over India after the Pahalgam terror attack and the Operation Sindoor, which gave rise to the India-Pakistan conflict. Mumbai's airport operator, the Mumbai International Airport (MIAL), said that it has appointed IndoThai as its new ground handling operator to replace the Turkish firm on Saturday, reported multiple news portals. IndoThai 'has been appointed as the interim ground handling provider at CSMIA for the next three months, effective immediately,' said MIAL, according to an Economic Times report. IndoThai currently operates nine airports across India. This comes after the Union government, on 15 May 2025, revoked the security clearance of Çelebi Aviation. 'In the exercise of power conferred upon DG, BCAS, the security clearance in r/o Çelebi Airport Services India Pvt Limited is hereby revoked with immediate effect in the interest of national security,' according to the official notice. The Delhi High Court on Monday, 19 May, will hear two pleas by the Turkish firm Celebi Airport Services India Pvt Ltd and another firm against the decision of the aviation regulator, reported the news agency PTI. The aviation regulator cited the reason of in the 'interest of national security' for barring the company by revoking its security clearance. Justice Sachin Datta of the Delhi High Court will hear the plea, which was filed on Friday, 16 May 2025. According to the official Civil Aviation data, the Turkish company was given permission and security clearance on 21 November 2022 to operate at Indian airports. The Turkish firm Celebi Aviation on Saturday, 17 May 2025, said that it's 'fully cooperating' with the Indian authorities and adhering to the regulations after its ground handling and cargo warehouse operations were suspended over national security reasons. 'We are closely monitoring the situation and cooperating fully with the relevant authorities,' said the Turkish firm in an official statement cited in a Bloomberg report. 'We are following the process diligently and within the legal framework, in close cooperation with the relevant local authorities. To date, all our operations have been carried out in full compliance with regulations,' said Celebi. Delhi airport on Thursday formally ended ties with the Turkish firm for its ground handling and cargo operations at Indira Gandhi International Airport (IGIA) on the grounds of national security. According to Mint's earlier report, Celebi Airport Services used to offer its services at nine Indian airports, including Delhi, Mumbai, Goa, Ahmedabad, Cochin, Kannur, Bengaluru, Hyderabad, and Chennai. Delhi airport is currently working with its other service providers, namely AISATS and the Bird Group, for all of its ground handling services after it severed its ties with Celebi. Apart from Delhi, the Kempegowda International Airport (KIA) in Bengaluru also announced that it has terminated its ground handling concession agreement with Çelebi. 'We are coordinating the transition in collaboration with all existing aviation stakeholders and government authorities,' they said, according to Mint's earlier report.
Business Upturn
17-05-2025
- Business
- Business Upturn
Çelebi Aviation Public Statement
İSTANBUL, Türkiye , May 16, 2025 /PRNewswire/ — Dear Members of the Press, As Çelebi Aviation, transparency, adherence to ethical principles, and full compliance with legal regulations have always been at the core of our values. For over 65 years, we have successfully carried out ground handling and cargo warehouse operations across three continents and six countries; Germany , Hungary , India , Indonesia , Tanzania , and Türkiye. Our global workforce consists of approximately 16,000 employees, with around 10,000 based in India . We continue to add value to the aviation industry with our high service quality and international experience at a total of 70 airports where we operate. Today, Çelebi Aviation is majority-owned (65%) by international institutional investors from Canada , the United States , the United Kingdom , Singapore , the United Arab Emirates , and Western Europe . Actera Partners II L.P., a Jersey-registered fund, holds a 50% stake in Çelebi Havacılık Holding A.Ş., Alpha Airport Services B.V., a Dutch-registered entity, owns 15%, and the remaining 35% is held by the Çelebioğlu family. Recently, we received a notification from the Bureau of Civil Aviation Security (BCAS) of India regarding the operating permits of some of our subsidiaries. Due to national security concerns, and in accordance with Indian regulations, our ground handling and cargo warehouse operations at the affected airports have been suspended. We are closely monitoring the situation and cooperating fully with the relevant authorities, including the Ministry of Civil Aviation (MoCA) and BCAS, while adhering to all applicable regulations. We would like to emphasize that all our operations have always been conducted in strict compliance with the relevant legal requirements. In all countries where we operate, we possess valid licenses and fully comply with applicable security regulations. We would also like to highlight that we have never received any warnings or penalties related to national security matters to date. As a global company, we continue our operations in full compliance with local regulations and international standards in all countries where we operate. All our operations in India have also been conducted in full compliance with ethical standards. We are following the process diligently and within the legal framework, in close cooperation with the relevant local authorities. To date, all our operations have been carried out in full compliance with regulations. During this period, we are taking every necessary measure to protect the rights of our employees, ensure the sustainability of working conditions, and minimize the potential impact of developments on our workforce. Every step we take will be carefully evaluated in line with our employees' safety and well-being, as well as our corporate values. As we continue to grow in emerging aviation markets, our extensive experience and international expertise in ground handling and cargo warehousing services position us strongly to meet the evolving needs of rapidly expanding regions. In every country where we operate, we not only contribute to the advancement of the aviation sector, but also play an active role in elevating industry standards, supporting infrastructure development, and fostering economic growth. By creating employment opportunities, investing in local talent, and implementing globally recognized quality and safety practices, we support the sustainable development of national economies and help strengthen the capabilities of the local workforce. Since our founding, we have maintained a sustainable, reliable, and innovative service approach, always upholding our core principles of safety, operational excellence, and customer satisfaction. With a strong capital structure and global operational experience, we ensure uninterrupted and dependable service across all our locations. Kind regards, Çelebi Aviation Contact: Selcan Çirişoğlu, +90 530 156 10 02, [email protected]
Time of India
17-05-2025
- Business
- Time of India
Turkey's Celebi says it's cooperating after India revokes clearance
Turkish company Çelebi Aviation said on Saturday it's 'fully cooperating' with Indian authorities and adhering to regulations after its ground handling and cargo warehouse operations were suspended due to national security concerns. 'We are closely monitoring the situation and cooperating fully with the relevant authorities,' Çelebi said in a statement. 'We are following the process diligently and within the legal framework, in close cooperation with the relevant local authorities. To date, all our operations have been carried out in full compliance with regulations.' On Thursday, India's Bureau of Civil Aviation Security said it has revoked the security clearance of Çelebi and its associated companies 'on grounds related to national security,' without specifying its concerns. The move comes amid calls to boycott Turkey over the latter's support for Pakistan during a heightened conflict between the South Asian rivals earlier this month. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 15 Most Beautiful Women Ever Today's NYC Undo In its statement on Saturday, Çelebi said institutional investors from Canada, the US, the UK, Singapore, the United Arab Emirates and Western Europe together own 65% of the company. Actera Partners II LP, a Jersey-registered fund, holds a 50% stake in Çelebi Havacılık Holding AS, Alpha Airport Services BV, a Dutch-registered entity, owns 15%, and the remaining 35% is held by the Çelebioğlu family. 'In all countries where we operate, we possess valid licenses and fully comply with applicable security regulations,' Çelebi said. 'We would also like to highlight that we have never received any warnings or penalties related to national security matters to date.' Live Events
