THY to Sign Landmark $20 Billion Agreement

Turkish Airlines to Sign $20 Billion Agreement with Airbus and Rolls-Royce

According to a recent report, Turkish Airlines is set to sign a groundbreaking agreement with Airbus and Rolls-Royce for the production of aircraft parts worth $20 billion in Turkey. This agreement, which is a part of a larger $70 billion aircraft order announced by Turkish Airlines last year, is expected to bolster the aviation industry in the country.

The agreement will involve the production of various aircraft components in Turkey, with domestic companies like TUSAŞ Motor Sanayii A.Ş. and TEI playing a significant role. Rolls-Royce and Airbus are poised to collaborate with Turkish companies to enhance the production capabilities of the country’s aviation sector.

The official announcement of the agreement is anticipated to take place at a ceremony in Istanbul later this month. The agreement signifies a major step forward for Turkish Airlines, as it continues to expand and modernize its fleet. The airline had previously ordered a total of 355 aircraft from Airbus, with Rolls-Royce onboard for spare parts and maintenance of the engines.

Overall, this partnership between Turkish Airlines, Airbus, and Rolls-Royce is a positive development for the aviation industry in Turkey. It is expected to create new opportunities for local companies and contribute to the growth of the country’s aerospace sector. Stay tuned for more updates on this exciting collaboration.

 

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