Corendon Becomes a Leader in Commodity Trading in Turkey

Corendon Becomes First Company in Turkey to Execute Commodity Transaction via 360T Platform of the German Stock Exchange

Corendon Airlines, one of the leading airlines in Turkey, has become the first company in the country to execute a commodity transaction via the 360T Platform of Deutsche Börse, the German Stock Exchange.

Through this partnership, Corendon Airlines will be able to receive both commodity and foreign exchange pricing from multiple financial institutions simultaneously through the 360T Platform, allowing the company to secure more competitive prices and reduce its costs.

The 360T Platform will also assist Corendon Airlines in finding new counterparties. The platform acts as a bridge between corporates and banks, enabling corporates to receive quotes from multiple banks at once and execute trades at the most favorable price.

Transactions on the platform can be executed in a variety of currencies as well as commodities such as oil. With this partnership, Corendon Airlines will be less exposed to fluctuations in commodity prices and will be able to better manage its costs.

Yıldıray Karaer, CEO of Corendon Airlines, stated that this partnership is an important step for the company. "We are proud to be the first company in Turkey to execute a commodity transaction via the 360T Platform. This partnership will help us reduce our costs, increase our competitiveness, and strengthen our leading position in the industry," said Karaer.

Tim Friedel, Managing Director of the 360T Platform, also expressed his satisfaction with the partnership with Corendon Airlines. "Corendon Airlines is one of the leading airlines in Turkey, and it is a significant reference for us that they have become the first company in the country to execute a commodity transaction via the 360T Platform. We believe that this partnership will help Corendon Airlines reduce its costs and increase its competitiveness in the industry," said Friedel.

Corendon Airlines' partnership with the 360T Platform is seen as an important step for the company to improve its cost management, increase its competitiveness, and strengthen its leading position in the industry.