Turkish Airlines closes Airbus and Boeing orders

Turkish Airlines will benefit from the new purchases of Airbus and Boeing aircraft.
Updated 17 March 2018
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Turkish Airlines closes Airbus and Boeing orders

Turkish Airlines has announced that it will purchase 50 firm wide-body aircraft and 10 optional aircraft, a total of 60 wide-body aircraft, from Airbus and Boeing.
The airline said six would be delivered in 2019, 14 in 2020, 10 in 2021, 12 in 2022, 11 in 2023 and 7 in 2024.
Accordingly, a total of 30 B787-9 aircraft, 25 firm and five optional, will be purchased from Boeing and a total of 30 A350-900 aircraft, 25 firm and five optional, will be purchased from Airbus.
A memorandum of understanding with Airbus was signed last January at the Élysée Palace, Paris, during Turkish President Recep Tayyip Erdogan’s official visit to France, with French President Emmanuel Macron in attendance. Also last September, during Erdogan’s visit to New York Boeing and Turkish Airlines had announced a commitment to order 787-9 Dreamliners.
M. Ilker Ayci, chairman of the board and executive committee, Turkish Airlines, said: “Today, we’re pleased to conclude this process which will bring a landmark benefit not only to Turkish Airlines, but also to Turkey’s aviation, by firmly ordering these aircraft to be added to our ever-expanding fleet. Goodwill agreements turned into firm orders, which we consider to be a very important initiative to meet our need for wide-body aircraft at Istanbul’s new airport, which will serve as our new hub once its construction process is completed.”
He added: “This great step will further strengthen our ever-expanding fleet by 2023, our country’s 100th year, and take our passengers’ satisfaction to a much higher level.”
Ayci said this will not just accelerate the steady rise of Turkish Airlines, but also contribute to Turkish civil aviation as a whole.


King Abdullah Port sponsors logistics forum

Updated 18 September 2018
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King Abdullah Port sponsors logistics forum

King Abdullah Port has signed an agreement to sponsor the Supply Chain and Logistics Conference organized by the Transport Ministry. The conference, which will take place on Oct. 15-16 in Riyadh, will be held under the patronage of Transport Minister Dr. Nabil M. Al-Amoudi. Decision-makers, experts and officials from major local and international companies involved in the supply chain and logistics sector are expected to attend.

Highlighting the importance of participating in the event, Rayan Qutub, CEO of King Abdullah Port, said: “Our sponsorship of the conference comes within our commitment to cooperate and exchange expertise with the active players of the logistics sector, which recently has been witnessing major developments in terms of business volume, innovation and solutions that complement Vision 2030 and transform Saudi Arabia into a global logistics hub by promoting its position on the Logistics Performance Index issued by the World Bank.”

“Saudi Arabia has a number of components and facilities that enable it to play a key role in this sector at the regional and global levels, and we will play our part in showcasing the best King Abdullah Port has to offer in the logistics sector, such as solutions and facilitation for investors based on the port’s strategic location on the Red Sea. The port is on the main shipping line between the East and West, which significantly enhances the Kingdom’s competitiveness and positions it among the key countries in global trade,” he added.

Qutub will participate in a session for CEOs, where participants will discuss strategic decisions to reshape and keep pace with the global system of supply chains and logistics.

King Abdullah Port previously announced an increase in container handling reaching 1,236,075 TEU during the first half of 2018, marking a new record of 50.5 percent increase compared to the same period last year. Earlier, the port announced a 21 percent increase in its annual throughput by the end of 2017, making it the second largest port in the Kingdom in terms of container handling. 

Run by the Ports Development Company, King Abdullah Port is the region’s first port to be fully owned, developed and operated by the private sector. It has been listed as the fastest growing container port in the world and one of the world’s top 100 ports after less than four years of operation. Eight of the largest shipping lines work at the port, which offers integrated services to exporters and importers.