Celebi Hava Servisi Says It Will Exit Tanzania Operations After Airport Concession Expiry

About this update from Celebi Hava Servisi A.s.

ÇELEBİ HAVA SERVİSİ BIST:CLEBI:SAID ON THURSDAY OPERATIONS OF ITS TANZANIAN UNIT CELEBI TANZANIA AVIATION SERVICES, PROVIDES GROUND HANDLING AND AIR CARGO SERVICES AT JULIUS NYERERE INTERNATIONAL AIRPORT IN DAR ES SALAAM, TANZANIA, WILL NOT CONTINUE UNDER THE CURRENT STRUCTUREFOLLOWING EXPIRY OF CONCESSION AGREEMENT FOR AIRPORT WHERE AFOREMENTIONED SUBSIDIARY OPERATES, OPERATIONS IN RELEVANT MARKET WILL NOT CONTINUE UNDER CURRENT STRUCTURECELEBI SAYS IT HAD DECIDED NOT TO PURSUE OPERATIONS IN TANZANIAN MARKET AFTER A COMPREHENSIVE EVALUATION OF OPERATING FRAMEWORK, IN LINE WITH ITS LONG-TERM VALUE CREATION STRATEGYTHE UNIT, CELEBI TANZANIA AVIATION SERVICES LTD, HAS A LIMITED CONTRIBUTION TO CONSOLIDATED RESULTS, ACCOUNTING FOR ABOUT 0.2% OF TOTAL REVENUE AND 0.5% OF TOTAL ASSETS AS OF DEC. 31, 2025, WHILE ITS LOSS IMPACT ON NET PROFIT STOOD AT AROUND 2.1%THE EXIT WOULD NOT HAVE A MATERIAL IMPACT ON CONSOLIDATED FINANCIALS OR PROFITABILITYCELEBI SAYS IT MAINTAINS A STRONG OPERATIONAL PRESENCE ACROSS EUROPE, ASIA AND AFRICA, AND CONTINUES TO ASSESS GROWTH OPPORTUNITIES ON THE CONTINENT FOLLOWING ITS RECENT ENTRY INTO THE KENYAN MARKETSource text for Workspace:Further company coverage:

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