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Usas Ucak Servisi Anonim Sirketi

$10 million
Project Brief
Not Active

MIGA issued a $10 million, 15-year guarantee to SAS Service Partner, a Danish company, for its acquisition of a majority interest in Turkey's newly privatized airline catering and restaurant company. SAS Service Partner will improve and expand the operations at six of Turkey's airports. Improvements will include the completion in Istanbul of one of the largest inflight kitchens in Europe. This project is part of Turkey's efforts to privatize portions of its substantial state-owned sector. MIGA's guarantee covers currency transfer, expropriation, and war and civil disturbance.