Turkish Airlines signs deal with Airbus

Turkish Airlines (THY) on April 19 signed an agreement with Airbus to add 117 more planes to its fleet.

Turkish Minister of Finance Mehmet Simsek, Turkish Minister of Transport, Maritime Affairs and Communication Binali Yildirim, THY chairman of Board Hamdi Topcu, CEO of THY Temel Kotil and President and Chief Executive Officer of Airbus Fabrice Bregier were present at the signing ceremony held in Istanbul.

European-made 177 planes will be added to the fleet of THY by the end of 2020, with the agreement signed.

The number of planes in the THY fleet will reach 375 by the end of 2020 and the average fleet age which is currently 6.6 will be reduced to five with the addition of new Airbus planes.

Turkish Minister of Finance Mehmet Simsek delivered a speech at the signing ceremony where he stated that the THY Airbus cooperation was an important turning point.

Adapted from Worldbulletin