- Turk Hava Yollari (Turkish Airlines) (OTC:TKHVY) reportedly plans to order 600 new aircraft in June.
- The airline expects the new aircraft to be delivered within 10 years, reported Reuters, citing Airlines chairman Ahmet Bolat.
- The order would consist of 400 narrow-body aircraft and 200 wide-bodies, adding the fleet would increase to 810 aircraft by 2033, said Bolat.
- According to the report, Bolat mentioned that THY was close to a deal with Boeing Co (NYSE:BA) for part of the order.
- Turkish Airlines could hand an order for the rest of the new aircraft “to the other manufacturer” at the next European air show in June, Bolat added, hinting towards Airbus SE (OTC:EADSY).
- Also Read: Airbus’ 54 Deliveries In April Outperforms Boeing’s Deliveries
- Last Month, Turkish Airlines announced a strategic plan to achieve consolidated revenue of over $50 billion by 2033.
- “During the IATA we are going to announce orders. With one of the big manufacturers, we are almost finishing our discussions. We are going to order (a total of) around 600 aircraft,” Bolat told reporters.
- IATA’s annual summit will be held in Istanbul on June 4-6.
- Also Read: Biden Tells India’s PM Modi That Boeing-Air India Deal To Create 1M Jobs In US
- Price Action: BA shares are trading higher by 0.16% at $202.16 premarket on Friday. EADSY closed 0.87% lower at $33.09 on Thursday.
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