Turkish low-cost carrier (LCC) Pegasus Airlines is unlikely to be profitable this year because of the geopolitical climate in Turkey that resulted in a downturn in tourism, but the LCC expects to rebound in 2017, CEO Mehmet Nane told ATW. The shooting down of a Russian Sukhoi Su-24 attack aircraft by Turkish F-16 fighters in November 2015 after the Russian aircraft intruded into Turkish airspace led to the Russian government banning charter flights to Turkey; the ban was recently ...

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