Turkish Airlines rental costs up five times after new airport move - Cumhuriyet

Turkish Airlines’ rental costs rose by nearly 500 percent in the first quarter of 2019, to $25 million from $4.2 million a year earlier, largely due to moving its headquarters to Istanbul’s giant new airport, Cumhuriyet newspaper reported on Monday, citing an internal company correspondence.

"The balance increased in March due to rental payment amounted $20,622,429 to IGA (Istanbul Grand Airport)" Cumhuriyet quoted a note released by the company as saying.

When Istanbul’s new airport went into full operation this year, it was hailed as another success in President Recep Tayyip Erdoğan’s long list of infrastructure mega-projects. The national carrier moved to the new hub in April.

The Turkish Airlines’ board is made up of people close to Erdoğan, including his former aide and his private pilot, according to the daily. Turkish media has reported that Fatmanur Altun, the wife of the Turkish president’s communications director, will be appointed to the new board of the airline on June 28.