The fast-growing Turkish carrier is spreading its wings.
WHEN PUBLICLY LISTED AIR BERLIN announced last spring that ESAS Holding had acquired a 15.3% stake in Europe's fourth-largest LCC, few recognized the name of the Turkish investor whose involvement with the airline industry dates back just a few years. ESAS, which in June boosted its stake in Air Berlin to 18%making it the German carrier's largest shareholder--was established in 2000 by Sevket Sabanci, one of the founders and main shareholders of Sabanci Holding, Turkey's ...
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