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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.

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

Emirates expects first 777X delivery in H2 2026

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Turkish Airlines orders 10 A350 Airbus

The planes would be acquired in three batches between 2025 and 2027. (AFP)
  • 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.