FİNANSAL KİRALAMANIN DEVRALMA STRATEJİSİNDEKİ ROLÜ: PEGASUS HAVA TAŞIMACILIĞI ve İZAİR İŞBİRLİĞİNE YÖNELİK BİR İNCELEME

Abstract

Dünyada deregülasyon hareketlerinin etkisi ile havacılık sektöründe küresel rekabette artış yaşanmıştır. Havayolu işletmeleri arasındaki rekabetin varlığı, maliyetlerin yüksek olması ve kapasite kısıtlamaları işletmelerin kar marjlarını düşürmektedir. Havayolu işletmelerinin en önemli maliyet kalemi olarak kabul edilen uçak maliyetleri, işletmeleri bu maliyet kalemini yönetmek amacıyla farklı yöntemlere sevk etmiştir. Uçak kiralamanın finansal yönetim açısından da önemi büyüktür. İşletmelerin kiraladıkları uçak sayısı ile satın aldıkları uçak sayısı arasındaki fark hızla artmaktadır. Bu çalışmada öncelikle finansal kiralama, havacılıkta kiralama, uçak kiralayıcı firmalar, tarihsel olarak uçak kiralama verileri incelenmektedir. Çalışmanın temel amacı, bölgesel bir hizmet sağlayıcı olarak faaliyet göstermeye başlayan İzair’ın Pegasus Hava Yolları ile 2007 yılında uçak kiralama ile başlayan ilişkisinin, iştirak olma süreci ve neticesinde 2018 yılında devralma ile sonuçlanan stratejik işbirliği davranışının temel veriler ile ele değerlendirilmesidir. 

Keywords

• Uçak Kiralama,Havayolu İşletmeleri,Devralma,Finansal Kiralama

ROLE OF FINANCIAL LEASING IN ACQUISITIONS STRATEGY: AN INVESTIGATION ON PEGASUS AIR TRANSPORT AND IZAIR COOPERATION

Abstract

Global competition in the aviation sector has increased due to the deregulation movements in the world. Existence of competition among airline companies, high costs and capacity constraints reduce the profit margins of enterprises. Aircraft costs, which are considered as the most important cost item of airline companies, have led them to different methods to manage this cost item. Aircraft leasing is also important for financial management. The difference between leased by companies and purchased is rapidly increasing. In this study, primarily leasing, lease aviation, aircraft renters companies and historical chartering data will be examined. Afterwards, the relationship between İz Air and Pegasus Airlines, which started as a regional service provider with aircraft leasing in 2007, the strategic cooperation behavior that resulted in the acquisition in 2018 will be handled and evaluated with the data. 

Keywords

• Aircraft Laesing,Airline Companies,Acquisition,Financial Leasing

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