Our Incorporation had carried out preliminary works to merge together Turkish Cabin Interior Systems Inc. ("TCI"), established in order to design, manufacture, market and sell aircraft cabin interior systems and components, in which 30% of the stakes are held by Turkish Airlines Inc. ("Incorporation"), TSI Aviation Seats Inc. ("TSI"), established in order to design, manufacture, market and sell airline seats, in which 45% of the stakes are owned by Turkish Airlines Inc., and Cornea Aviation Systems Industry and Commerce Inc. ("Cornea"), established in order to design, manufacture, market, sell and post-purchase service of in-flight entertainment systems and internet service, in which 80% of the shares are owned by Turkish Technic Inc, wholly owned by our Incorporation. As a result, our Incorporation decided to;

  
1. merge TSI, TCI and Cornea together under TCI
2. purchase 50% of TSI stakes, owned by Kibar Holding Inc.
3. purchase 20% of Cornea stakes, owned by Havelsan Hava Elektronik Sanayi ve Ticaret Inc..

To that end, processes related to these merger and acquisitions have been started and further developments will be disclosed to the public.