Airbus to invest over $5 bln in Turkey by 2030

[dBSPL]

Airbus is expected to invest around $2.5 billion in Turkey in 2020 and that figure will jump over $5 billion by 2030, Turkish Transport and Infrastructure Minister Cahit Turhan has said.

Turkey and Airbus have maintained a strong and successful collaboration in civilian and military aviation for some 30 years, Turhan added.

Speaking at the ceremony for a retrofit agreement for A400M model aircraft at an airbase in the Central Anatolian province of Kayseri, Turhan noted that Turkey is Airbus’s fourth-largest customer, with some 270 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 said.

The minister also underlined that 144 of the total 344 aircraft in the fleet of Turkey’s flag carrier Turkish Airlines are Airbus jets.

“Turkish Airlines also placed orders for 84 A321 NEO and 30 A350-900 model Airbus jets.”

The list price of those 114 aircraft to be delivered in batches until 2024 is around $20.9 billion, according to the minister.

Turhan also noted that close cooperation between the aviation company and Turkey’s satellite communications firm TÜRKSAT.

In 2017, Airbus and TÜRKSAT signed a contract to develop Türksat 5A and Türksat 5B satellites.

Türksat 5A and Türksat 5B satellites are planned for in-orbit delivery in the first quarters of 2020 and 2021, respectively.

According to the minister, the newly launched Turkish Space Agency plans to develop commercial as well as research and development ties with Airbus in the period ahead.

Defense industry

Turhan also noted the progress the Turkish defense industry has made over the past years.

“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,” he said.

The local defense industry’s dependence on foreign sources has declined to around 30 percent from as high as 80 percent, the minister noted.

Turhan also said that the Turkish defense industry’s research and development spending is around $1.5 billion.

“Today, we are producing our own ATAK helicopters, unmanned air vehicles, ALTAY tanks and infantry rifles. Turkey has become one of the 10 countries which design and build warships.”/* http://www.hurriyetdailynews.com/airbus-to-invest-over-5-bln-in-turkey-by-2030-147156

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Koca Yusuf Will Win New Talents

Turkey passes an essential milestone on the A400M aircraft program on Thursday, October 3. ASFAT and Airbus companies will work together in the maintenance-repair-improvement (retrofit) program of A400M Transport aircraft.
Minister of National Defence Hulusi Akar, Minister of Transport and Infrastructure Mehmet Cahit Turhan, Chief of General Staff Gen. Yaşar Güler, Land Forces Commander Gen. Ümit Dündar, Air Forces Commander Gen. Hasan Küçükakyüz, Navy Commander Adnan Özbal, Chairman of ASFAT Muhsin Dere, Nils Michael, Vice President, Head of A400M Retrofit & internal MRO Programmes, Director General of ASFAT Esad Akgun, Airbus Representative of Turkey Can Genç attended to the ceremony.
The A400M aircraft delivered to the recipient countries at the same time undergoing a development program. Once the development has reached a certain level, the program should also be applied to earlier delivered aircraft. This study will be realised with the signed retrofit contract.
Retrofit Agreement was signed between Mr Michael and Mr Akgün.

http://en.c4defence.com/Agenda/koca-yusuf-will-win-new-talents/8745/1

 

[cabatli_53]

New investments announced in this month!

Volkswagen Turkey : 1,4 billion €
MAN Bus/Truck: 450 million TL
Airbus Turkiye: 5 billion $

 

[dBSPL]

Economic relations between Europe and Turkey continue to develop magnificently. After Siemens, MAN and VW, the European aircraft manufacturer AIRBUS has announced plans to invest at least five billion euros in Turkey in the next few years.

With around 270 passenger and cargo aircraft in operation at nine operators (from 2018): Turkey is the fourth largest Airbus customer in Europe. Also the Turkish airline has ordered 84 A321 NEO and 30 A350-900 Airbus jets, according to Minister of Transport and Infrastructure Cahit Turhan, according to the Turkish daily Hürriyet.

Investment and partnerships could be create more than 3,000 jobs in Turkey. Every civil and military Airbus aircraft that flies today has parts from Turkish suppliers, the Airbus officials said on its website. Not only components would be produced in Turkey, but increasingly also more complex large assemblies. Turkish suppliers have also taken over design responsibility for parts and assemblies such as ailerons for the A350 XWB family and control surfaces for a range of civil and military aircraft platforms.


Close cooperation also exists between Airbus and the Turkish satellite communications company TÜRKSAT, reports the Turkish daily Hürriyet. In 2017, Airbus and TÜRKSAT signed a contract to cooperation Turksat 5A and Turksat 5B satellite. The satellites are to be delivered in the first quarters of 2020 and 2021 respectively.

According to the minister, the newly established Turkish space agency plans to establish commercial and R & D relationships with Airbus in the near future.

for more: https://nex24.news/2019/10/tuerkei-nach-vw-kuendigt-auch-airbus-multi-milliarden-investitionen-an/