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Company News, Business

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Turkish Airlines orders 10 A350 Airbus

The planes would be acquired in three batches between 2025 and 2027. (AFP)
By TRENDS Desk AFP
September 4, 2023 10:51 pm
  • Turkish Airlines now has 14 A350-900s and 20 Boeing 787-9 Dreamliners, which is the European jet's main competitor in the long-range.
  • An A350-900 was worth 317.4 million euros ($343 million) in 2018, when the aircraft manufacturer's price catalogue was last released.

Istanbul, Turkey – Turkish Airlines has decided to purchase 10 additional Airbus A350-900s aircraft, nearly doubling its existing fleet of the widebody planes, the Turkish flag carrier said in a public filing.

It disclosed no financial details in a brief statement, saying only that a decision to acquire the jets in three batches between 2025 and 2027 has been approved by the company board.

Turkish Airlines now has 14 A350-900s and 20 Boeing 787-9 Dreamliners, which is the European jet’s main competitor in the long-range, widebody market, according to a company spokesman.

An A350-900 was worth 317.4 million euros ($343 million) in 2018, when the aircraft manufacturer’s price catalogue was last released.

Manufacturers rarely sell their planes at the advertised prices, usually offering discounts for large orders.

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