Turkey's Aviation Ambitions Soar With $20B Rolls-Royce, Airbus Agreement: Report
Portfolio Pulse from Shivani Kumaresan
Turkish Airlines is set to sign a $20 billion deal with Rolls-Royce Holdings Plc and Airbus SE for local aircraft component production as part of its plane acquisition plan. This deal, expected to be announced in Istanbul, includes the purchase of 230 aircraft from Airbus to enhance its Istanbul hub. The initiative aims to boost Turkey's aviation sector and includes local production of airplane parts with entities like TUSAS Engine Industries Inc. involved.
April 17, 2024 | 1:40 pm
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Airbus SE is part of a $20 billion agreement with Turkish Airlines for local aircraft component production and the sale of 230 aircraft.
The deal with Turkish Airlines for the sale of 230 aircraft and local component production is significant for Airbus, likely boosting its revenue and strengthening its market position in Turkey.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Rolls-Royce Holdings Plc is involved in a $20 billion deal with Turkish Airlines for local aircraft component production.
The involvement in the $20 billion deal for local aircraft component production with Turkish Airlines is poised to positively impact Rolls-Royce's business, potentially increasing its sales and presence in the Turkish aviation market.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80