Turkish Airlines (THY) has made a significant step in expanding its fleet by reaching a preliminary agreement with Airbus for the acquisition of a whopping 355 aircraft.
This monumental deal, discussed during a meeting between THY management and Airbus officials in Istanbul, marks a historic moment in the airline’s history.
According to a spokesperson from Airbus, both parties have reached a preliminary agreement for a “large-scale commercial aircraft order.” While the agreement is still pending final approval, it is expected to be officially announced in the coming days.
In a statement filed with the Public Disclosure Platform (KAP), Turkish Airlines confirmed that discussions with Airbus included the purchase of 240 aircraft with a firm order commitment and an additional 115 as options. The delivery of these aircraft is slated to take place between 2026 and 2036.
The meeting in Istanbul saw Turkish Airlines deciding to add 10 A350-900 aircraft to its fleet, in addition to negotiating for 75 A350-900, 15 A350-1000, 250 A321 NEO, and 5 A350F cargo aircraft.
The announcement of the preliminary agreement had a significant impact on the stock market. Following Airbus’s spokesperson’s statement, THY’s stock price surged by 4.16%, reaching 238.60 Turkish lira by 15:08. In contrast, the BIST100 index experienced a 0.76% decrease.
This agreement signifies Turkish Airlines’ ambitious plans for growth and modernization, aiming to enhance its position in the global aviation industry. As the deal progresses toward finalization, it sets the stage for Turkish Airlines to embark on an exciting journey of expansion and innovation.