thy do&co ikram hizmetleri a.s.

What thy do&co ikram hizmetleri a.s. does

THY DO & CO İkram Hizmetleri A.Ş. (ThyDoco) is a Turkish joint-stock company established in 2007 as a 50/50 joint venture between Türk Hava Yolları Anonim Ortaklığı (Turkish Airlines) and DO & CO Group to deliver airline catering and in-flight hospitality services. It is headquartered at Tayakadın Mah. Nuri Demirağ Cad. No: 22 in the Arnavutköy district of Istanbul, co-located with Turkish Airlines' main hub, and is registered with the Istanbul Trade Registry (Sicil No: 601827, Mersis No: 0843031630900018). The equity is held by Turkish Airlines at 50.000%, Doco İstanbul Catering ve Restaurant Hizmetleri Ticaret ve Sanayi A.Ş. at 49.997%, DO & CO Aktiengesellschaft at 0.002%, and DO & CO International Investment Limited at 0.001%, giving both parents effectively shared control through a balanced ownership and board representation structure.

The company operates two primary business units: an Airlines segment providing in-flight meals, passenger catering, and airline hospitality services — primarily to Turkish Airlines and other carriers — and a secondary Airport Services segment covering terminal catering and restaurant facilities. The underlying operation is classical industrial catering (food preparation, loading, and galley service for airline turnarounds), with no proprietary technology platform disclosed beyond culinary and hospitality expertise contributed by DO & CO's international catering brand. The company maintains integrated management system certifications covering quality, food safety, environment, occupational health and safety, information security, and general safety, and is audited by PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş.

The business model is contract-based B2B catering: revenue is generated through service agreements with airlines (predominantly Turkish Airlines) and through airport restaurant operations, with pricing not publicly disclosed. Governance is shared, with Attila Turgut Doğudan serving as both General Manager (CEO) and Deputy Chairman representing DO & CO interests, and Mehmet Akif Konar as Chairman representing Turkish Airlines. The board includes appointees from both parents plus an independent CFO function (Alparslan Tulum as CFO-level Deputy General Manager for Finance). Articles of Association have been amended eight times since founding, with the most recent amendment dated December 2023, and General Assembly minutes are publicly disclosed going back to March 2013.

Name

thy do&co ikram hizmetleri a.s.

Legal name

THY DO & CO İKRAM HİZMETLERİ ANONİM ŞİRKETİ

Website

https://doco.com.tr

Company type

Private

Founded year

2007

Operating status

Operating

Short description

THY DO & CO İkram Hizmetleri A.Ş. is a 50/50 joint venture between Turkish Airlines and DO & CO Group, headquartered in Istanbul, providing airline in-flight catering, passenger meal services, and airport terminal restaurant operations primarily for Turkish Airlines.

Ownership category

akta.pro rank

Product category

Airline Catering Services

NAICS

Food Service Contractors (722310), Caterers (722320)

akta.pro primary industry

In-Flight Catering & Meal Services (THABAMAA)

akta.pro secondary industries

Food Services & Catering (On-site/Corporate Dining/Vending) (IMAIAAAE), Catering, Pantry & Food Service (On-site Refreshments/Events) (IMAIALAD)

Keywords

• Airline catering services
• In-flight meal services
• Airport catering facilities
• Aviation hospitality services
• Airline food production

Headquarters

HQ city

İstanbul

HQ country

Türkiye

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales

Core offering

THY DO & CO İkram Hizmetleri A.Ş. provides airline in-flight catering and meal services, alongside airport terminal catering and restaurant operations, for Turkish Airlines and other aviation sector clients. The company operates as the dedicated catering partner of Turkish Airlines within the DO & CO international catering group, producing passenger meals and operating airport hospitality venues primarily at its İstanbul base.

Product overview

THY DO & CO İkram Hizmetleri A.Ş. is a catering and restaurant services company, operating as a joint venture between Turkish Airlines (50% ownership) and DO & CO (remaining 49.997% held by Doco Istanbul Catering and DO & CO entities). The company provides airline catering services and operates restaurant facilities, primarily serving the aviation industry. The company is headquartered in Istanbul, Turkey.

Differentiator

Problem solved

Functional benefit

Products and services

• Airline In-Flight Catering Services Production and supply of in-flight meals and catering logistics for commercial airline operators, primarily Turkish Airlines, with the potential to serve other carriers. Includes meal preparation aligned with aviation food safety, quality, and environmental management standards.
• Airport Terminal Catering and Restaurant Services Operation of airport terminal restaurants and catering facilities providing food and beverage services to airport users, leveraging the company's central kitchen and food safety capabilities within Turkish aviation hubs.

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core, minor and supporting.

• Türk Hava Yolları Anonim Ortaklığı (Turkish Airlines)coreStrategic or Co-development PartnerTurkish Airlines holds 50% ownership in THY DO & CO, making it the majority shareholder. The joint venture provides airline catering services, leveraging Turkish Airlines' market position and DO & CO's catering expertise.
• DO & CO AktiengesellschaftcoreStrategic or Co-development PartnerDO & CO AG holds approximately 50% ownership (including Doco İstanbul Catering and DO & CO International Investment Limited). Provides international catering expertise and culinary excellence to the joint venture.
• Doco İstanbul Catering ve Restaurant Hizmetleri Ticaret ve Sanayi A.ŞcoreStrategic or Co-development PartnerSubsidiary of DO & CO Group holding 49.997% stake in the joint venture, contributing local market expertise in Istanbul.
• DO & CO International Investment LimitedminorStrategic or Co-development PartnerHolds a 0.001% stake in the joint venture as part of the DO & CO Group structure.
• PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik Anonim ŞirketisupportingOthersInternational auditing firm serving as the company's independent auditor, providing financial audit services.

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• DO & CO Aktiengesellschaft: Austrian-listed global premium hospitality group and50% shareholder of the subject; operates airline catering, event catering, and restaurants worldwide, making it the closest strategic and operational reference point, though it is the parent rather than a competitor.

Direct peers

• LSG Sky Chefs: World's largest airline catering group (Lufthansa subsidiary), competing head-to-head for airline catering contracts at major hubs including Turkish and international carriers served from Istanbul.
• Gate Gourmet: Major independent airline catering provider operating in dozens of countries; directly competes with THY DO & CO for inflight catering contracts and pursues the same airline customers globally.
• dnata Catering & Retail: Emirates Group's airport services and catering arm providing in-flight catering at Dubai and other hubs; comparable scale, B2B airline catering model, and hub-centric operating structure.
• SATS (Singapore Airport Terminal Services): Asia-listed ground handling and in-flight catering company; comparable B2B catering model serving flagship carriers (Singapore Airlines) and third-party airlines across multiple hubs.
• Newrest Group: France-based independent airline, rail, and remote-site catering group; competes for in-flight catering contracts across Europe, Africa, and the Middle East, with overlapping customer base of European and emerging-market carriers.
• Servair: Air France-KLM's airline catering subsidiary; comparable in providing in-flight catering primarily to a flag-carrier shareholder while also pursuing third-party airline contracts.

Emerging players

• Alpha Flight Group: Independent airline catering provider operating in the Middle East and Africa (including partnerships with Etihad); competes in the same regional inflight catering market as THY DO & CO.
• Flying Food Group: US-based independent airline catering company serving multiple U.S. and international carriers; comparable B2B catering-only model though geographically focused on North America.

Others

• Turkish Airlines DO & CO events (DO & CO Event & Airline Catering Istanbul operations): Refers to the broader DO & CO Group event catering and hospitality operations at major sports venues (e.g., UEFA events) — adjacent, enabling, and capability-sharing relationship since DO & CO is the JV's 50% parent.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about thy do&co ikram hizmetleri a.s.