Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Turkish Airlines ponders buying 600 planes in two months

The mega-order would increase the airline's fleet to 800 planes within 10 years. (AFP)
  • The airline is in talks with US aircraft maker Boeing and its European rival Airbus to purchase 400 single-aisle planes along with 200 jumbo jets.
  • If the purchases involves firm orders, it would be the biggest in the history of civil aviation, beating the 470-plane order by Air India in February.

ISTANBUL, TURKEY – The chairman of Turkish Airlines said Monday that the company will make a final decision on plans for a record-breaking order of 600 aircraft in two months.

The airline is in talks with US aircraft maker Boeing and its European rival Airbus to purchase 400 single-aisle planes along with 200 jumbo jets, said chairman Ahmet Bolat.

Turkey’s recent presidential election delayed the decision, Bolat said on the sidelines of the annual general meeting of the International Air Transport Association in Istanbul.

“We were very close to make a deal with one of the manufacturers … but we’re going to wait for two months to announce our final decision,” he said.

He declined to give details about the number of planes that might be ordered from each manufacturer.

Bola had previously been quoted as saying that a decision could be made at the IATA conference.

The mega-order would increase the airline’s fleet to 800 planes within 10 years. It currently has 435 aircraft.

Turkish Airlines has ambitious growth plans, notably in Africa and Asia, with Istanbul’s new airport serving as its main hub.

If the purchases involves firm orders, it would be the biggest in the history of civil aviation, beating the 470-plane order by Air India in February.