Turkish airport operator ‘TAV Airports’ to seize TunisAir accounts over $10m debt

Turkish airport operator TAV Airports has warned Tunisia’s low performing national carrier, TunisAir, to seize its accounts.
A court bailiff, reports say, visited the headquarters of the cash-strapped airline Wednesday to inform of the Turkish firm decision upon failure to pay the debt estimated at around $10,236,600 million.
TAV Airports operates the country’s Enfidha–Hammamet International Airport located in Enfidha, about 40 kilometres (25 miles) southwest from the town of Hammamet.
The airport is used mainly by European airlines bringing travelers to holiday resorts.
TunisAir has been in financial stress over several years. Transports minister Moez Chakchouk, Webdo Tunis reports, told Mosaique fm that the carrier which currently only has a fleet of eight aircraft, is unable to pay salaries.
Chakchouk called for the government intervention to help solve the challenges.
The minister last month appointed U.S-based Olfa Hamdi as the company’s new CEO tasked with developing a strategic action plan to save the airline and enable it to be competitive.
Hamdi, late last month, appointed an international committee to help her implement a reconstruction program.
The committee is made up of national and global aviation industry leaders.
The nine-member strategic committee includes Mitchell Weisberg, former Kaplan Norton team member, Expert in strategy of Fortune 500 companies and Stuart Oran, former Director of International Operations for United Airlines.

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