In a significant development for the aviation industry, Turkish Airlines is reportedly on the verge of striking a massive deal with Boeing Co. (NYSE:BA) for a fleet expansion that could include up to 250 jetliners.
What Happened: Turkish Airlines is in the final stages of discussions with Boeing to procure an estimated 250 aircraft, Bloomberg reported on Tuesday. The deal is believed to encompass a mix of Boeing 737 Max jets, numbering between 150 and 175, along with the larger 787 Dreamliner models.
Ahmet Bolat, the Chairman of Turkish Airlines, announced these negotiations at the International Air Transport Association’s annual meeting in Dubai. Although discussions about pricing, commercial terms, and engine costs are ongoing, a definitive timeline for ...