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Business, Aviation

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

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The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

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Turkish Airlines explore options of buying 355 Airbus jets

The new fleet of airplanes is expected to be delivered between 2026-2036. (AFP)
By TRENDS Desk AFP
November 14, 2023 12:05 am
  • The airline said that negotiations are held with Airbus regarding the purchase of a total of 355 aircraft.
  • In September, Turkish Airlines revealed plans to purchase 10 additional Airbus A350-900 aircraft

Istanbul, Turkey – Turkish Airlines, the country’s flag carrier, confirmed on Monday that it was in talks with Airbus to buy up to 355 jets in a huge push to expand its fleet.

“Negotiations are held with Airbus regarding the purchase of a total of 355 aircraft — 240 of which are firm and 115 of which are optional — to be delivered between 2026-2036,” the airline said in a statement.

It did not disclose any financial details for the deal announced as the Dubai Air Show opens on Monday, where a number of major purchases could be signed this week.

In September, Turkish Airlines revealed plans to purchase 10 additional Airbus A350-900 aircraft, nearly doubling its existing fleet of the widebody planes.

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