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

Celebi Hava Servisi AS

24/04/2026 06:14

April 24 (Reuters) - ÇELEBİ HAVA SERVİSİ CLEBI.IS:

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 STRUCTURE

FOLLOWING EXPIRY OF CONCESSION AGREEMENT FOR AIRPORT WHERE AFOREMENTIONED SUBSIDIARY OPERATES, OPERATIONS IN RELEVANT MARKET WILL NOT CONTINUE UNDER CURRENT STRUCTURE

CELEBI 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 STRATEGY

THE 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 PROFITABILITY

CELEBI 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 MARKET

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 (Gdansk Newsroom)

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