Ghosn flight ‘will harm Turkey’s jet sector’

TC-TSR, a private jet which was used during the escape of ousted Nissan chairman Carlos Ghosn from Japan to Lebanon through Turkey is pictured in an unknown location, July 5, 2019. (Reuters)
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Updated 05 January 2020
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Ghosn flight ‘will harm Turkey’s jet sector’

  • The former Nissan chief flew in secret from Osaka to Istanbul, and from there to Beirut
  • The private jet sector will suffer because of the breach of security, an expert says

JEDDAH: Fugitive businessman Carlos Ghosn’s escape from Japan to Lebanon via Istanbul is a “serious blow” to Turkey’s private jet industry, aviation experts said on Sunday.

The former Nissan chief was awaiting trial on charges of misusing company funds and understating his salary, but jumped bail on Dec. 30. He flew in secret from Osaka to Ataturk Airport in Istanbul, and from there to Beirut.

“Smuggling this man from Osaka is an internal matter for Japan,” a Turkish aviation expert told Arab News. “But not checking him appropriately in Turkey is our own mistake, and compromised international aviation security.” 

Turkish authorities are investigating a flight from Osaka that landed in Istanbul at 5.15am, and another that left for Beirut 45 minutes later. 

 “The pilot should notify authorities about everyone on the aircraft, and they should be checked in at the international transit section of the airport,” the expert said. “There are no exceptions.”

The private jet sector will suffer because of the breach of security, the expert said. “It will have big repercussions in the short term. Many business jets will now have to undergo a detailed examination once they reach Western airports. 

“They may also have their flight permissions denied for a certain time because they have lost their prestige and reliability.”

About 100 jets operate in Turkey’s private aviation industry. “This incident will seriously undermine the sector,” the expert said.

The Wall Street Journal reported that Ghosn was assisted by a former US special forces operative, Michael Taylor, now working as a private security contractor, who it described as an “expert in the art of clandestine getaways.”
According to the Journal, the Turkish investigation showed that Taylor and another man had traveled from Dubai to Osaka with two large black cases aboard a private jet on Saturday, the day before Ghosn escaped.


Closing Bell: Saudi main index closes in red at 11,183

Updated 16 February 2026
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Closing Bell: Saudi main index closes in red at 11,183

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Monday, losing 44.79 points, or 0.4 percent, to close at 11,183.85.

The total trading turnover of the benchmark index was SR4.05 billion ($1.08 billion), as 69 of the listed stocks advanced, while 191 retreated.

The MSCI Tadawul Index decreased, down 6.63 points or 0.44 percent, to close at 1,504.73.

The Kingdom’s parallel market Nomu lost 328.20 points, or 1.36 percent, to close at 23,764.92. This comes as 22 of the listed stocks advanced, while 49 retreated.

The best-performing stock was Maharah Human Resources Co., with its share price surging by 7.26 percent to SR6.50.

Other top performers included Arabian Cement Co., which saw its share price rise by 6.27 percent to SR22.71, and Saudi Research and Media Group, which saw a 4.3 percent increase to SR104.30.

On the downside, the worst performer of the day was Arabian Internet and Communications Services Co., whose share price fell by 8.01 percent to SR207.80.

Jahez International Co. for Information System Technology and Al-Rajhi Co. for Cooperative Insurance also saw declines, with their shares dropping by 5.61 percent and 4.46 percent to SR12.79 and SR75, respectively.

On the announcement front, Etihad Etisalat Co. announced its financial results for 2025 with a 7.9 percent year-on-year growth in its revenues, to reach SR19.6 billion.

In a Tadawul statement, Mobily said that this growth is attributed to “the expansion of all revenue streams, with a healthy growth in the overall subscriber base.”

Mobily delivered an 11.6 percent increase in net profit, reaching SR3.4 billion in 2025 compared to SR3.1 billion in 2024.

The company’s share price reached SR67.85, marking a 0.37 percent increase on the main market.