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English
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oda_NoncurrentAssetSaleAbstract|
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oda_UpdateAnnouncementFlag|
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Hayır (No)
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oda_CorrectionAnnouncementFlag|
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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-
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oda_DelayedAnnouncementFlag|
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Hayır (No)
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oda_AnnouncementContentSection|
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oda_NatureOfNonCurrentAssetSold|
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Four B737-800NG commercial passenger aircraft forming part of the Company assets
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oda_LocationAndAreaOfNoncurrentAssetSold|
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-
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oda_BoardDecisionDateForSale|
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06/06/2022
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForSale|
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Yes
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oda_TotalSalesValue|http://www.xbrl.org/2003/role/verboseLabel
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USD 73,500,000 (TL 1,211,022,750 TL based on the Turkish Central Bank USD/TRY Rate dated 03/06/2022).
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oda_RatioOfTransactionAmountToValueOfCompanyBasedOnTheMathematicalWeightedAverageOnADailyBasisSixMonthsPriorToDateOfBoardDecision|
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11
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oda_RatioOfSalesPriceToPaidInCapitalOfCompany|
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1,184
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oda_RatioOfSalesValueToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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2
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oda_RatioOfSalesValueToTotalNetNoncurrentAssetsInLatestDisclosedFinancialStatementsOfCompany|
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3 (right of use assets, where the aircraft subject to sale are classified, are also taken into consideration in this calculation)
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oda_RatioOfValueOfNoncurrentAssetToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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The assets being sold were classified as right of use assets in the Company's financial statements dated 31.03.2022.
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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11
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oda_SalesConditions|
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Peşin (Cash)
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oda_DateOnWhichRheTransactionWasWillBeCompleted|
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The delivery of the aircraft subject to sale is expected to be finalized by July 31, 2022.
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oda_AimOfSaleAndEffectsOnCompanyOperations|
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Positive liquidity effect is expected as a result of this transaction being carried out as part of fleet capacity related management actions.
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oda_ProfitLossArisedAfterSaleOfNoncurrentAsset|
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The Company expects profits from the sale of fixed assets. The profit will be finally determined upon the delivery of the two aircraft and will be recorded in the Company's financial accounts.
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oda_HowWillSalesProfitBeUsedIfExists|
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Sales profit will be used to finance the Company's future investments and operational cash needs.
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oda_BoardDecisionDateForUseOfSalesProfitIfExists|
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-
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oda_CounterParty|
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Siskin Aviation Limited, Wren Aviation Limited, Magpie Aviation Limited, Jackdaw Aviation Limited
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oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
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Hayır (No)
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oda_NatureofRelationWithCounterParty|
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-
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oda_AgreementSigningDateIfExists|
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06/06/2022
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oda_ExercisePriceOfRetirementRightRelatingToSignificantTransaction|
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-
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oda_ValueDeterminationMethodOfNoncurrentAsset|
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Through commercial negotiations.
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oda_DidValuationReportBePrepared|
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Düzenlenmedi (Not Prepared)
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oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
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In the absence of any legal requirement no valuation study has been made. The Company believes that the transaction is carried out in line with market conditions.
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oda_DateAndNumberOfValuationReport|
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-
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oda_TitleOfValuationCompanyPreparedReport|
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-
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oda_ValueDeterminedInValuationReportIfExists|
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-
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oda_ReasonsIfTransactionWasntWillNotBePerformedInAccordanceWithValuationReport|
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-
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oda_ExplanationSection|
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oda_ExplanationTextBlock|
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This Material Event Disclosure is prepared in Turkish and in English. In case of any discrepancy between the two versions, Turkish disclosure will prevail.
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We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.