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[BUSINESS] · Türkiye · 3 sources

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FUN&SUN denies rumors regarding financial stability in Turkey

Russian tour operator FUN&SUN has issued an official statement to its business partners to address and deny recent rumors regarding its financial stability and operations in Turkey. The company emphasized that its 100% subsidiary, Fun and Sun Hotels Otel İşletmeciliği Turizm İnşaat Tic. A. Ş., remains financially sound and is not facing any circumstances that would impact its ability to fulfill contractual obligations.

FUN&SUN confirmed that destination and incoming services in Turkey will continue as planned through Fun & Sun A. Ş. The company urged market participants to rely on official communications rather than unverified information that could harm commercial relationships.

In a separate development, the company has undergone leadership changes, appointing Olga Gnezdilova, formerly of Gazprom-Media Holding, as CEO and Rinat Asmatullov as Commercial Director. Industry analysts suggest these appointments, alongside potential market shifts involving Wildberries and Biblio-Globus, may signal a broader strategic restructuring aimed at increasing financial discipline and operational efficiency.

Entities

FUN&SUN · Fun and Sun Hotels Otel İşletmeciliği Turizm İnşaat Tic. A. Ş. · Olga Gnezdilova · Rinat Asmatullov · Wildberries

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