Türkiye loses çelebi India in one day: I went 200 million dollars, employees, and not to return on the horizon

The shock decision in India has canceled the security clearance of the Operations of the çelebi airport to eliminate nearly $ 200 million of the value of shareholders and destroy a third of the global revenues of the Turkish company – where one of the most severe financial and strategic collapses in the aviation services sector was determined this year.

Çelebi Hava Servisi shares decreased by 20 % on two trading sessions on the Istanbul Stock Exchange, where 222 points fell to 2,002 pounds on May 16.

This decrease in the company’s market value decreased to 10,700 rupees (about 4.8 billion Turkish liras), or 30 % less than its highest level in 52 weeks.

This collapse arose by the abolition of the Indian government to clear the Indian subsidiary companies of çelebi – including the services of çelebi Airport – on the basis of “national security”.

This step comes amid increasing geopolitical friction, especially India’s refusal to support Türkiye to Pakistan.

The Fallout has destroyed the Indian operations of çelebi, which contributed 1522 rupees in revenue and 393 rupees in EBITDA in the 24th year of fiscal year. India has formed more than $ 195 million of çelebi’s global revenues of $ 585 million, making the sudden exit a devastating blow.

Operations in nine of the most airports in India – including Delhi, Mumbai, Bangaluru and Chinai – have stopped. The main airports have already reset the contracts, as they effectively closed the door on the immediate return of çelebi.

The company was also installed in 183 rupees in distinguished loans linked to its Indian work. With the interruption of operations, these obligations now stand on unconfirmed land. Its investment of $ 200 to $ 250 million in land handling and shipping infrastructure in India risks or reshaped.

Delhi’s Supreme Court has taken place to obtain relief. A session is scheduled to be held on Monday, but with the martyrdom of the national security government, the road appears to be risky. Even the victory of the court may not restore lost contracts or investor confidence.

According to what was reported, more than 3,800 employees are affected, as airports pledge to absorb them through other service providers.