greater access to Covid-19 vaccine and the current low valuation of the Turkish lira compared with other major currencies, which motivates people to visit Turkey for a holiday, would also drive ISG’s recovery
KUALA LUMPUR: Malaysia Airports Holdings Bhd
(MAHB) expects its operation at Istanbul Sabiha Gokcen International Airport (ISG) to return to profitability when the business recovers to pre-pandemic level, which is likely to happen in 2024-2025.
ISG executive director Mohd Nazli Aziz said the recovery prospect looked promising in view of ISG being one of the fastest recovering airports in Europe, thanks to the Turkish government’s strong support for the tourism sector and by keeping the borders open, coupled with an influx of travellers from Russia.
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