We have learned with regret that our company has been included in the current sanctions list published by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) where this decision was taken due to our indirect operational processes at our groundhandling Warehouse involving the airline Mahan Air. Here we must also state that we are the first private and reliable known groundhandling warehouse operator in Turkiye .

First of all, it must be stated that the reports published in the press—claiming that our company coordinated the shipment of unmanned aerial vehicle components to Iran on behalf of Mahan Air—are completely baseless.

Our company is an operator of a "bonded warehouse / temporary storage facility" conducting commercial activities under the control and supervision of the Customs Directorate, in accordance with Article 93 of the Customs Law and Article 77 et seq. of the Customs Regulation.

In accordance with the relevant legislation, temporary storage areas are facilities accessible to any party for the placement of goods subject to customs supervision. Subject to the notification and approval of the Customs Administration and the Directorate General of Civil Aviation, our company is responsible for ensuring that goods brought into or dispatched from the Turkish Customs territory remain under customs supervision while held in the warehouse during the temporary storage phase, and for fulfilling all obligations regarding the safekeeping of said goods.

Under this context, it must be noted that the placement of goods into—or their removal from—our warehouse is possible only in accordance with the orders and instructions of the Customs Directorate. The storage of all goods placed in our company’s temporary storage area is managed entirely based on package and weight details, irrespective of the goods' contents; furthermore, in compliance with regulations, we do not possess the right or authority to inspect the contents or handle the goods without the permission of the Customs administration.

Accordingly, our company conducts its commercial activities in compliance with the regulations issued by the General Directorate of Customs and the General Directorate of Civil Aviation; apart from this, our company has no commercial relationship or affiliation whatsoever with the airline company Mahan Air.

In accordance with regulations, the transfer and loading onto the aircraft of goods to be transported by the aforementioned airline—following approval from the relevant Customs Directorate—may only be carried out by a ground handling service provider authorized and licensed by the General Directorate of Civil Aviation.

Consequently, in line with our corporate values ​​and business ethics, no illegal or unethical actions have been—or could possibly be—permitted at any stage of our commercial operations.

For this reason, all operations—including the storage of any goods potentially associated with the airline company (Mahan Air) cited as the basis for the decision—as well as all logistics, warehousing, and operational activities (whether direct or indirect) involving any persons or parties linked to said company, have been immediately and permanently terminated as of September 9, 2026.

In this context, a formal administrative application process is being initiated with OFAC through our legal counsel to legally pursue the delisting process. To ensure a transparent outcome, we will act in full cooperation with both our national authorities and international institutions. Our company will maintain its commitment to transparency in all operations conducted within the framework of legal trade and transit logistics regulations, and will resolutely take all necessary legal steps to rectify this unjust situation.