Pakistan’s friend Turki bought the S-400 air defense system from Russia, due to which he had to face the displeasure of America. The US refused to give the Turki to give the Turki the world’s most advanced fifth-generation fighter jet F-35, after which there is a discussion that Erdogan wants to sell the Russian S-400 air defense system so that the US does not hesitate to deal with F-35 with Turkas.

Such fears were also being expressed earlier that the Turki could sell its S-400 air defense system to Pakistan. However, it was later denied by the Turki. It is now being said that India can buy Turki’s S-400 missile system. However, the country of Erdogan has made it clear many times that it will not sell the Russian S-400. Russia gave the Turki delivery of S-400 in the year 2019. In this $ 2.5 billion agreement, the Turki got two regiments.

How did the discussion start about S-400?

India can buy Turki’s S-400 air defense system, discussing it when Turk’s media outlets Nefes Gazetas reported that Russia has proposed to buy S-400 back. After this, Russia can export this defense system to a third country. The report also stated that Turki’s colleague NATO country will not see this return to Russia as an arms export, as Russia will sell this S-400 missile system to another country.

It was only after this report that such a discussion started that Russia can upgrade this system and send it to India because the delivery of S-400 between the two has been stopped for a long time. However, the report of this media outlet of Ankara has yet received any response from the Turki nor Russia. However, Turki Defense Minister Yasar Guller said in May 2024 that Turki will not sell its S-400 missile system to any country.
2 units of delivery stuck from Russia to India

In the year 2018, India made a S-400 air defense system deal with Russia. It was named ‘Sudarshan Chakra’ in India. India bought 5 units of S-400 for $ 5 billion with Russia. Of these, only 3 units have been delivered, while the delivery of two units is stuck due to the Ukraine War. There is a discussion that if the Turki returns its S-400 system to Russia, Russia can hand over it to India after upgradation. India has bought the most upgraded variant of S-400 from Russia, which has a firepower of up to 400 km. Not only this, this defense system can trace 80 targets simultaneously.

The impact of the increasing tension between India and Pakistan is now visible at the international level as well and has suffered a big shock to Turk’s tourism and aviation sector. Especially in the shares of Turkish Airlines, there has been a decline of more than 10 percent in the last one month.

What is the whole matter?

In fact, India recently took action on terrorist bases in Pakistan and Pakistan Occupied Kashmir (POK) under ‘Operation Sindoor’. After this operation, the Turki openly supported Pakistan, which spread resentment among the Indian people.

This resentment had the most direct impact on Indian tourists going to Turki. According to Makmytrip, flight bookings for Turki have declined by 60 per cent in just one week and cancellations have increased by 250 per cent.

How big is the picture of loss?

Speaking to The Mint, Easemytrip chairman Nishant Pitti said that in 2023, about 2.87 lakh Indian tourists went to Turkas, which is 25 per cent higher than in 2022. Every Indian tourist spends an average of 1 lakh to 1.3 lakh rupees in the Turks. In total, in 2023, Indian tourists spent around Rs 3,000 crore in Turkas. Now that a large number of flights are canceling and new bookings are also stopping, the Turkes will hardly get this amount in the next few months.

Why did the shares of Turkish Airlines fall?

The shares of Turkish Airlines have fallen from 312.75 lira to 279.75 lira, ie about 10.5 per cent decline. Experts say that due to cancellation of Indian tourists flights and new bookings stalled, investors have started feeling that revenue may fall in the company’s upcoming quarters.

The political stand of Turki has not only affected its diplomacy, but is also clearly visible on its economy and stock market. It is also a strong message for India’s tourists that their decision can directly affect international companies.

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A strict decision of the Modi government has slipped the ground under the feet of a large aviation company of Turkas. The government has canceled the security approval of Celebi Airport Services India, a Turki company providing ground handling service in India, with immediate effect in view of national security. After this move, the company’s shares fell by 10 percent in the Istanbul Stock Exchange.

Why action was taken?

The decision came when the Turki supported Pakistan and criticized the anti-terraler stripes made by India in Pakistan Occupied Kashmir (POK) under Operation Sindoor. Not only this, Turki drones were also used in the military conflicts of Pakistan and India. All these incidents alerted the Government of India. Demand for action against CELEBI from all over the country began to arise and finally the government took a big step.

15 year old relationship is over

CELEBI was serving at 9 major airports in India for the last 15 years, including Delhi, Mumbai, Bengaluru, Hyderabad, Chennai, Kochi, Ahmedabad, Kannur and Goa. But now this relationship is over. BCAS has banned the activities of the company by canceling the security approval given in November 2022.

Delhi Airport also broke ties

Following the BCAS order, Delhi International Airport Limited (DIAL) has also abolished all its relations with Celebi. Now the responsibility of ground handling and cargo services at the airport has been entrusted to companies like AISATS and Bird Group so that the passengers do not have any inconvenience.

Sharp decline in stock market

The direct impact of this action of India was seen on the stock market of Istanbul. Celebi Hava Servisi AS shares fell 222 points (10 percent) on May 16 to 2002. In the last four trading sessions, the company’s shares have fallen by about 30 percent. This stock, which once touched the high level of 3285, has now reached close to the low of 1660.

Company gave cleaning

Celebi India denied the allegations, saying, “We are not associated with the Turkas government in any way. We are a professional, transparent and neutral company that has nothing to do with any political agenda.” But there are discussions that Sumeya Erdogan Bayarkatar, daughter of Turki President Erdogan, is one of the owners of the company. However, the company has also denied this.

Government said, national interest paramount

Union Minister of State (MOS) Civil Aviation Muralidhar Mohol said on social media, “Many parts of the country were demanding action on this company. We took this issue seriously and security approval has been canceled keeping in mind the national interest.”

India’s message is clear

This entire development has given a strong message to the world that if you are doing business in India, then you will have to respect the interests of India. No matter how old a company is, nothing is ahead of national security.

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