Pursuant to the Turkish Civil Aviation Code ('Code
2920'), a Turkish Civil Aircraft must be registered in the
Aircraft Registry which is held by the Ministry of Transport and
Infrastructure ('the Ministry'). 49th Article of
the Code 2920 states that a civil aircraft is considered to be a
Turkish Civil Aircraft if that is owned by public agencies such as
occupational organizations, associations, political parties, trade
unions or foundations that have been established under Turkish Laws
and whose executive positions are held by a majority of Turkish
nationals. An aircraft which is owned by trade companies,
cooperative societies and their unions that have been registered in
the Turkish Trade Register also shall be considered as a Turkish
Civil Aircraft if Turkish nationals have the majority in executive
and representational positions and Turkish stockholders have the
voting majority in accordance with the articles of the legal
entity.
