Skip to content Skip to Search
Skip navigation

Turkish Airlines nears $20bn deal with Airbus and Rolls-Royce

By Pramod Kumar
The Turkish Airlines deal with Rolls-Royce and Airbus will be announced later this month Creative Commons
The Turkish Airlines deal with Rolls-Royce and Airbus will be announced later this month

State-backed Turkish Airlines is expected to sign an agreement with UK’s Rolls-Royce Holdings Plc and European planemaker Airbus to manufacture $20 billion worth of aircraft components locally.

The deal will be announced in Istanbul later this month, Bloomberg reported, quoting Turkish officials who were aware of the agreement.

Last December the Turkish national carrier announced its fleet expansion by purchasing more than 200 Airbus aircraft.

Person, Electronics, Mobile Phone

Newsletter
Get the Best of AGBI delivered straight to your inbox every week

As part of the order, Istanbul pushed for local production of airplane parts, the report said.

State-owned Tusas Engine Industries will be one of the Turkish companies manufacturing aircraft components.

The aircraft deliveries are slated to start in 2026.

Turkish Airlines CEO Bilal Ekşi said in December 2023 that the airline plans to increase its fleet size to 813 aircraft by 2033 as part of its expansion drive.

Latest articles

Dubai's appointment of chief AI officers is part of a broader push to adopt the technology

Dubai to appoint AI officers across all government entities

Dubai has ordered that all government entities must appoint a chief artificial intelligence officer, as part of a new drive to embrace the new technology. The Dubai Universal Blueprint for Artificial Intelligence was launched on Monday and as part of the initiative the new government AI officers will be tasked with leading specialised AI projects […]

Teenage students use a laptop and tablet. One cybersecurity expert said pupils' personal devices could increase the risk of data breaches

Cybercrooks have their eyes on Gulf schools, experts warn

The education sector in the GCC has emerged as a prime target for cybercriminals because of budgetary constraints and a lack of expertise, tech experts have told AGBI. “Schools, in particular, are vulnerable due to their extensive storage of sensitive personal information and comparatively lower investments in cybersecurity,” said Ram Narayanan, country manager at Check […]

UAE Minister of State for Foreign Trade Dr Thani Al Zeyoudi meets with Tiit Riisalo, Estonia’s Minister of Economic Affairs and Information Technology

UAE and Estonia look to AI and health tech to grow trade

The digital economy is expected to be at the forefront of trade between the UAE and Estonia as the former Soviet state positions itself to become a European centre for deep tech projects. Officials from both countries met on Saturday in Abu Dhabi, with artificial intelligence and health tech highlighted as areas for greater collaboration. […]

$290m fund set up to develop Riyadh business park

A $290 million fund has been set up in Saudi Arabia to develop a new business park in Riyadh as the city struggles to meet growing demand.  Ezdihar Real Estate Development Company and Al-Istithmar Securities and Brokerage Company, the investment arm of the Saudi Investment Bank, said the fund will focus on a 103,000 sq […]