#Industry News
Airbus to invest $5 Billion in Turkey by 2030
Turkish Transport and Infrastructure Minister Cahit Turhan has stated that European aircraft manufacturing company Airbus is expected to invest around $2.5 billion in Turkey in 2020, which will increase to $5 billion by 2030.
According to Turhan, Turkey and Airbus have maintained a solid and successful collaboration in civilian and military aviation for 30 years. Turhan also noted Turkey’s defense industry, and the role Airbus plays in that: “At present, Turkey is carrying out a total of 700 defense projects. The size of the local defense industry – in terms of project volume – has reached $60 billion. Five Turkish companies ranked among the world’s top 100 defense companies.”
Speaking at the ceremony for a retrofit agreement for military freighter aircraft at Kayseri Airbase, Turhan also noted that Turkey is Airbus’ fourth-largest customer, having passenger and freighter aircraft in service with nine local operators.
“Airbus also has interests in seven companies in Turkey. Those investments yield concrete results: Every commercial and military Airbus aircraft flying today has parts produced by Turkish suppliers,” Turhan stated.
The minister also underlined that 144 of the total 344 aircraft in Turkish Airlines’ fleet are Airbus jets. The airline also has orders for future deliveries of one Airbus A330, 30 A350s, and 84 A321neo aircraft. The aircraft will be delivered to the airline until 2024.
featured image is copyrighted by Hurriyet Daily News
