Brief by Shorts91 Newsdesk / 05:42am on 18 Jun 2026,Thursday Business
Turkish aviation entrepreneur Can Çelebioğlu has described India’s decision to revoke security clearances for Celebi’s Indian subsidiaries after Operation Sindoor as a devastating blow, saying the company lost a $500 million business “overnight.” India’s Bureau of Civil Aviation Security (BCAS) cancelled the clearances on May 15, 2025, shortly after hostilities between India and Pakistan ended. Celebi, which had operated in India for over a decade and provided airport ground-handling and cargo services, was forced to halt operations across multiple airports. The company has challenged the decision legally, while Indian authorities have maintained that national security considerations were the primary factor behind the action.
