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Turkey's MNG Airlines To Go Public On NYSE

By Dave Simpson

Turkey's MNG Airlines will list on the New York Stock Exchange through a merger with Golden Falcon Acquisition Corp, a special purpose acquisition company (SPAC), the Turkish cargo carrier said on Wednesday 7 December.

Details

The merger has a pro-forma enterprise value of $676 million, and has been approved by the boards of both the companies, MNG said in a statement.

The deal is expected to close in the first half of 2023.

Additional Information

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Golden Acquisition Corp, which went public in 2020, is headed by chief executive officer Makram Azar, a former Barclays banker, and counts Xavier Rolet, a former London Stock Exchange CEO, as an independent director.

Istanbul-based MNG Airlines started operations in 1996, and serves corporate customers across 41 countries with more than 3,500 flights per year.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

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Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
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Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
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