{"id":8113,"date":"2023-08-29T10:32:16","date_gmt":"2023-08-29T10:32:16","guid":{"rendered":"https:\/\/aviation-news.info\/?p=8113"},"modified":"2023-08-29T10:32:16","modified_gmt":"2023-08-29T10:32:16","slug":"turkiyes-mng-airlines-gets-regulatory-nod-for-foreign-ipo","status":"publish","type":"post","link":"https:\/\/aviation-news.info\/?p=8113","title":{"rendered":"T\u00fcrkiye\u2019s MNG Airlines gets regulatory nod for foreign IPO"},"content":{"rendered":"
\n

Aviation news international – The planned merger between MNG Airlines<\/a>\u00a0(MB,\u00a0Istanbul Airport<\/a>) and special purpose acquisition entity Golden Falcon Acquisition is off. In an 8K SEC filing dated August 8, Golden Falcon said the termination of the merger was effective immediately and was by mutual agreement.<\/p>\n

The filing did not say why the parties called the merger off, but a Wall Street Journal report suggests it was because they could not meet an August 24 deadline to finalise it. The decision also ends MNG Airlines’ immediate hopes of trading on the New York Stock Exchange (NYSE) – the reason for the merger.<\/p>\n

Golden Falcon Acquisition Corporation is listed on the NYSE (code: GFX), and the\u00a0planned reverse IPO<\/a>, valued at USD676 million when\u00a0announced last December<\/a>, would have allowed the Turkish cargo carrier to more easily tap into US capital pools. \u201cWe see significant value creation potential from becoming a publicly listed company in the US,” said MNG Airlines CEO Ali Sedat \u00d6zkazanc at the time. \u00d6zkazanc did not respond to ch-aviation’s request for additional comments.<\/p>\n

…<\/p><\/div>\n

\n

T\u00fcrkiye’s MNG Airlines adds first A321-200(P2F)<\/a><\/h3>\n

06.07.2023 – 08:51 UTC<\/span>MNG Airlines<\/a>\u00a0(MB,\u00a0Istanbul Airport<\/a>) has taken delivery of its first narrowbody freighter, an\u00a0A321-200(P2F)<\/a>, and\u00a0plans to take a second of the type<\/a>\u00a0“in the near future”.<\/p>\n

TC-MYA (msn 3369) was converted at\u00a0Singapore Seletar<\/a>\u00a0by ST Engineering. It was ferried via\u00a0Delhi International<\/a>\u00a0and\u00a0Erzurum<\/a>\u00a0to\u00a0Istanbul Airport<\/a>\u00a0over the course of June 30-July 1, 2023, Flightradar24 ADS-B data shows. It has yet to be deployed into revenue service. The 15.5-year-old jet was formerly in passenger service with\u00a0Qatar Airways<\/a>\u00a0(QR,\u00a0Doha Hamad International<\/a>) and\u00a0Cathay Pacific<\/a>\u00a0(CX,\u00a0Hong Kong International<\/a>).<\/p>\n

The aircraft joins MNG Airlines’ all-widebody fleet comprising one\u00a0A300-600F<\/a>, three\u00a0A300-600R(F)<\/a>s, one\u00a0A330-200F<\/a>, and two\u00a0A330-300(P2F)<\/a>.<\/p>\n

The cargo specialist, which is in the process of\u00a0listing on the New York Stock Exchange<\/a>\u00a0via a reverse IPO, did not respond to ch-aviation’s request for comment regarding its future fleet plans.<\/p>\n<\/div>\n

\n

Turkey’s MNG Airlines closes in on reverse NYSE IPO<\/a><\/h3>\n

18.04.2023 – 01:25 UTC<\/span>Shareholders in a Delaware blank cheque company called Golden Falcon Acquisition Corporation are being asked to approve a merger with MNG Havayollari ve Tasimacilik A.S, trading as\u00a0MNG Airlines<\/a>\u00a0(MB,\u00a0Istanbul Airport<\/a>), which will facilitate a reverse IPO and the Turkish cargo carrier’s listing on the NYSE.<\/p>\n

In an April 10, 2023, Form F-4 filing with the Securities Exchange Commission (SEC), shareholders were recommended to approve the merger which will see Golden Falcon become an indirect, wholly-owned subsidiary of MNG. The airline is pursuing the NYSE listing to increase its financial flexibility, unlock new growth opportunities, and maximise value creation.<\/p>\n

According to the filing, MNG Airlines operates six\u00a0A300-600(F)<\/a>s, one\u00a0A330-200F<\/a>, and two\u00a0A330-300(P2F)<\/a>s. The airline is also\u00a0negotiating a LOI<\/a>\u00a0with an undisclosed lessor to acquire two A321 converted freighters. MNG Airlines flies over 180,000 tonnes annually, providing the majority of its scheduled and block space services and charter services to integrated operators such as\u00a0DHL Air<\/a>\u00a0(D0,\u00a0East Midlands<\/a>) and\u00a0UPS Airlines<\/a>\u00a0(5X,\u00a0Louisville International<\/a>),…<\/p>\n<\/div>\n

\n

T\u00fcrkiye’s MNG to list on NYSE in 2023 via reverse IPO<\/a><\/h3>\n

08.12.2022 – 07:50 UTC<\/span>MNG Airlines<\/a>\u00a0(MB,\u00a0Istanbul Airport<\/a>) plans to list on the New York Stock Exchange (NYSE) following a USD676 million merger in the first half of 2023 with Golden Falcon Acquisition Corp., a US-based special purpose acquisition company, the parties announced.<\/p>\n

This follows a definitive agreement between them on December 6, 2022, after the boards of both companies unanimously approved the proposed deal. Golden Falcon will become an indirect, wholly-owned subsidiary of MNG Airlines, according to a filing with the US Securities and Exchange Commission (SEC).<\/p>\n

The transaction is subject to approval by Golden Falcon stockholders and other customary closing conditions. It is expected to have a Pro-forma enterprise value of USD676 million, assuming minimum gross transaction proceeds of USD30 million, according to a joint statement. Net proceeds from the transaction will be distributed to the company’s existing shareholders, who are expected to continue to retain a significant stake.<\/p>\n

As a public company, MNG Airlines is expected to gain increased financial flexibility and be well-positioned to unlock new growth avenues and maximise value creation. MNG…<\/p>\n

source: https:\/\/www.ch-aviation.com\/portal\/news\/131252-trkiyes-mng-airlines-gets-regulatory-nod-for-foreign-ipo<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Aviation news international – The planned merger between MNG Airlines\u00a0(MB,\u00a0Istanbul Airport) and special purpose acquisition entity Golden Falcon Acquisition is off. In an 8K SEC filing dated August 8, Golden Falcon said the termination of the merger was effective immediately and was by mutual agreement. The filing did not say why the parties called the …<\/p>\n","protected":false},"author":1,"featured_media":8114,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[102,88],"tags":[],"class_list":["post-8113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured-en","category-flights"],"yoast_head":"\nT\u00fcrkiye\u2019s MNG Airlines gets regulatory nod for foreign IPO - aviation news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aviation-news.info\/?p=8113\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"T\u00fcrkiye\u2019s MNG Airlines gets regulatory nod for foreign IPO\" \/>\n<meta property=\"og:description\" content=\"Aviation news international – The planned merger between MNG Airlines\u00a0(MB,\u00a0Istanbul Airport) and special purpose acquisition entity Golden Falcon Acquisition is off. In an 8K SEC filing dated August 8, Golden Falcon said the termination of the merger was effective immediately and was by mutual agreement. The filing did not say why the parties called the …\" \/>\n<meta property=\"og:url\" content=\"https:\/\/aviation-news.info\/?p=8113\" \/>\n<meta property=\"og:site_name\" content=\"aviation news\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=100088552298353\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-29T10:32:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/aviationnews-international.com\/wp-content\/uploads\/2023\/08\/1198.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"794\" \/>\n\t<meta property=\"og:image:height\" content=\"275\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"adminnews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@aviationne428\" \/>\n<meta name=\"twitter:site\" content=\"@aviationne428\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"adminnews\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/aviation-news.info\\\/?p=8113#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/aviation-news.info\\\/?p=8113\"},\"author\":{\"name\":\"adminnews\",\"@id\":\"https:\\\/\\\/aviation-news.info\\\/#\\\/schema\\\/person\\\/02e91cef3ca1560c153b683711401bd3\"},\"headline\":\"T\u00fcrkiye\u2019s MNG Airlines gets regulatory nod for foreign IPO\",\"datePublished\":\"2023-08-29T10:32:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/aviation-news.info\\\/?p=8113\"},\"wordCount\":735,\"publisher\":{\"@id\":\"https:\\\/\\\/aviation-news.info\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/aviation-news.info\\\/?p=8113#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/aviation-news.info\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/1198.jpg\",\"articleSection\":[\"Featured\",\"Flights\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/aviation-news.info\\\/?p=8113\",\"url\":\"https:\\\/\\\/aviation-news.info\\\/?p=8113\",\"name\":\"T\u00fcrkiye\u2019s MNG Airlines gets regulatory nod for foreign IPO - aviation news\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/aviation-news.info\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/aviation-news.info\\\/?p=8113#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/aviation-news.info\\\/?p=8113#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/aviation-news.info\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/1198.jpg\",\"datePublished\":\"2023-08-29T10:32:16+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/aviation-news.info\\\/?p=8113#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/aviation-news.info\\\/?p=8113\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/aviation-news.info\\\/?p=8113#primaryimage\",\"url\":\"https:\\\/\\\/aviation-news.info\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/1198.jpg\",\"contentUrl\":\"https:\\\/\\\/aviation-news.info\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/1198.jpg\",\"width\":794,\"height\":275},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/aviation-news.info\\\/?p=8113#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/aviation-news.info\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"T\u00fcrkiye\u2019s MNG Airlines gets regulatory nod for foreign IPO\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/aviation-news.info\\\/#website\",\"url\":\"https:\\\/\\\/aviation-news.info\\\/\",\"name\":\"aviation news\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/aviation-news.info\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/aviation-news.info\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/aviation-news.info\\\/#organization\",\"name\":\"aviation news\",\"url\":\"https:\\\/\\\/aviation-news.info\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/aviation-news.info\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/aviation-news.info\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/aviation-news-logo.png\",\"contentUrl\":\"https:\\\/\\\/aviation-news.info\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/aviation-news-logo.png\",\"width\":500,\"height\":154,\"caption\":\"aviation news\"},\"image\":{\"@id\":\"https:\\\/\\\/aviation-news.info\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/profile.php?id=100088552298353\",\"https:\\\/\\\/x.com\\\/aviationne428\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/aviation-news.info\\\/#\\\/schema\\\/person\\\/02e91cef3ca1560c153b683711401bd3\",\"name\":\"adminnews\",\"sameAs\":[\"https:\\\/\\\/aviationnews-inetrnational.com\"],\"url\":\"https:\\\/\\\/aviation-news.info\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"T\u00fcrkiye\u2019s MNG Airlines gets regulatory nod for foreign IPO - aviation news","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/aviation-news.info\/?p=8113","og_locale":"en_GB","og_type":"article","og_title":"T\u00fcrkiye\u2019s MNG Airlines gets regulatory nod for foreign IPO","og_description":"Aviation news international – The planned merger between MNG Airlines\u00a0(MB,\u00a0Istanbul Airport) and special purpose acquisition entity Golden Falcon Acquisition is off. In an 8K SEC filing dated August 8, Golden Falcon said the termination of the merger was effective immediately and was by mutual agreement. The filing did not say why the parties called the …","og_url":"https:\/\/aviation-news.info\/?p=8113","og_site_name":"aviation news","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=100088552298353","article_published_time":"2023-08-29T10:32:16+00:00","og_image":[{"width":794,"height":275,"url":"https:\/\/aviationnews-international.com\/wp-content\/uploads\/2023\/08\/1198.jpg","type":"image\/jpeg"}],"author":"adminnews","twitter_card":"summary_large_image","twitter_creator":"@aviationne428","twitter_site":"@aviationne428","twitter_misc":{"Written by":"adminnews","Estimated reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/aviation-news.info\/?p=8113#article","isPartOf":{"@id":"https:\/\/aviation-news.info\/?p=8113"},"author":{"name":"adminnews","@id":"https:\/\/aviation-news.info\/#\/schema\/person\/02e91cef3ca1560c153b683711401bd3"},"headline":"T\u00fcrkiye\u2019s MNG Airlines gets regulatory nod for foreign IPO","datePublished":"2023-08-29T10:32:16+00:00","mainEntityOfPage":{"@id":"https:\/\/aviation-news.info\/?p=8113"},"wordCount":735,"publisher":{"@id":"https:\/\/aviation-news.info\/#organization"},"image":{"@id":"https:\/\/aviation-news.info\/?p=8113#primaryimage"},"thumbnailUrl":"https:\/\/aviation-news.info\/wp-content\/uploads\/2023\/08\/1198.jpg","articleSection":["Featured","Flights"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/aviation-news.info\/?p=8113","url":"https:\/\/aviation-news.info\/?p=8113","name":"T\u00fcrkiye\u2019s MNG Airlines gets regulatory nod for foreign IPO - aviation news","isPartOf":{"@id":"https:\/\/aviation-news.info\/#website"},"primaryImageOfPage":{"@id":"https:\/\/aviation-news.info\/?p=8113#primaryimage"},"image":{"@id":"https:\/\/aviation-news.info\/?p=8113#primaryimage"},"thumbnailUrl":"https:\/\/aviation-news.info\/wp-content\/uploads\/2023\/08\/1198.jpg","datePublished":"2023-08-29T10:32:16+00:00","breadcrumb":{"@id":"https:\/\/aviation-news.info\/?p=8113#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/aviation-news.info\/?p=8113"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/aviation-news.info\/?p=8113#primaryimage","url":"https:\/\/aviation-news.info\/wp-content\/uploads\/2023\/08\/1198.jpg","contentUrl":"https:\/\/aviation-news.info\/wp-content\/uploads\/2023\/08\/1198.jpg","width":794,"height":275},{"@type":"BreadcrumbList","@id":"https:\/\/aviation-news.info\/?p=8113#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/aviation-news.info\/"},{"@type":"ListItem","position":2,"name":"T\u00fcrkiye\u2019s MNG Airlines gets regulatory nod for foreign IPO"}]},{"@type":"WebSite","@id":"https:\/\/aviation-news.info\/#website","url":"https:\/\/aviation-news.info\/","name":"aviation news","description":"","publisher":{"@id":"https:\/\/aviation-news.info\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/aviation-news.info\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/aviation-news.info\/#organization","name":"aviation news","url":"https:\/\/aviation-news.info\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/aviation-news.info\/#\/schema\/logo\/image\/","url":"https:\/\/aviation-news.info\/wp-content\/uploads\/2025\/01\/aviation-news-logo.png","contentUrl":"https:\/\/aviation-news.info\/wp-content\/uploads\/2025\/01\/aviation-news-logo.png","width":500,"height":154,"caption":"aviation news"},"image":{"@id":"https:\/\/aviation-news.info\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=100088552298353","https:\/\/x.com\/aviationne428"]},{"@type":"Person","@id":"https:\/\/aviation-news.info\/#\/schema\/person\/02e91cef3ca1560c153b683711401bd3","name":"adminnews","sameAs":["https:\/\/aviationnews-inetrnational.com"],"url":"https:\/\/aviation-news.info\/?author=1"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/aviation-news.info\/wp-content\/uploads\/2023\/08\/1198.jpg","jetpack_sharing_enabled":true,"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/aviation-news.info\/index.php?rest_route=\/wp\/v2\/posts\/8113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviation-news.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviation-news.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviation-news.info\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/aviation-news.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8113"}],"version-history":[{"count":0,"href":"https:\/\/aviation-news.info\/index.php?rest_route=\/wp\/v2\/posts\/8113\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviation-news.info\/index.php?rest_route=\/wp\/v2\/media\/8114"}],"wp:attachment":[{"href":"https:\/\/aviation-news.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviation-news.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviation-news.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}