Turkey's MNG Airlines to go public on NYSE

Golden Falcon Acquisition

07/12/2022 09:06

Dec 7 (Reuters) - Turkey's MNG Airlines will list on the
New York Stock Exchange through a merger with Golden Falcon
Acquisition Corp  GFX.N , a special purpose acquisition company
(SPAC), the Turkish cargo carrier said on Wednesday.
    The merger has a pro-forma enterprise value of $676 million,
and has been approved by the boards of both the companies, MNG
said in a statement. 
    The deal is expected to close in the first half of 2023.
    Golden Acquisition Corp, which went public in 2020, is
headed by Chief Executive Officer Makram Azar, a former Barclays
banker, and counts Xavier Rolet, a former London Stock Exchange
CEO, as an independent director.
    Istanbul-based MNG Airlines started operations in 1996, and
serves corporate customers across 41 countries with more than
3,500 flights per year. 
 (Reporting by Rahat Sandhu in Bengaluru; Editing by Dhanya Ann
Thoppil)
 ((Rahat.Sandhu@thomsonreuters.com;))