• we cover more than 1,000 news per day, in 2 languages, and 83,000 stocks
Light Dark
it
italian it
english en

Turkish Airlines hosts business and trade secretary for the UK Kemi Badenoch in a pivotal meeting and aircraft showcase

www.zawya.com 11-01-2024 11:50 4 Minutes reading
This event marks a key milestone in enhancing aviation relations between Türkiye and the United Kingdom Turkish Airlines, a global leader in aviation, welcomed the Business and Trade Secretary for the United Kingdom Kemi Badenoch, along with Airbus Türkiye President Simon Ward and John Kelly, President, Rolls-Royce (Middle East, Türkiye and Africa) for a momentous meeting and tour of one of its Airbus A350 aircraft. This event marks a key milestone in enhancing aviation relations between Türkiye and the United Kingdom. During the visit, Prof. Dr. Ahmet Bolat, Chairman of the Board and the Executive Committee of Turkish Airlines, and Business and Trade Secretary for the UK Kemi Badenoch engaged in discussions focused on advancing the bilateral relations in the framework of aviation sectors of both countries. Key topics included new investments, the development of competitive industrial collaborations, and the support for sustainable initiatives in aviation. Turkish Airlines Chairman of the Board and Executive Committee Prof. Dr. Ahmet Bolat, remarked, "We are happy to welcome Secretary Badenoch today and continue to take another step in Turkish Airlines' journey of international collaboration and innovation. Our discussions have set the stage for strengthened ties and enriched cooperation of our respective countries' aviation sectors, aligning with our vision for a progressive and sustainable global aviation industry. With our sizable new order of Airbus aircraft and Rolls Royce engines, we plan to continue to maintain our leading position in global aviation in the years to come." Business and Trade Secretary for the UK Kemi Badenoch said; "I'm delighted to be here following the historic deal with Turkish Airlines and UK-based Airbus and Rolls Royce -a deal that highlights our thriving trade relationship with Türkiye. Türkiye presents huge opportunities for the UK's world leading aerospace and manufacturing sectors, and I am using visits like this to unlock further opportunities for business on both sides." Airbus Türkiye President Simon Ward said: "These meetings between the UK and Türkiye are a testament to increasing cooperation and partnership between the two countries, improving competitiveness and providing opportunities for businesses across many sectors. This was only recently cemented by a historic order from Turkish Airlines for 220 firm Airbus aircraft. We are proud to say that every commercial Airbus aircraft has Turkish parts and this order only reinforces our long-lasting partnership with Turkish Airlines and Türkiye's aviation sector. Today visiting Turkish Airlines facilities at IGA Airport, we once more witness the ambitious and successful growth of Türkiye and its flagship brand Turkish Airlines." John Kelly, President, Rolls-Royce (Middle East, Türkiye and Africa) said, "It has been a privilege to contribute to this remarkable event, fostering cooperation and strengthening the UK-Türkiye relationship. We are delighted that Turkish Airlines has recently placed an order for firm 100 Trent XWB-84 and 40 Trent XWB-97 engines, which underscores Rolls-Royce's commitment to profitable growth and aligns seamlessly with the airline's pursuit of excellence in the aviation industry. Together we are committed to pushing the boundaries of aviation technology and ensuring a sustainable and innovative future for both organisations." This meeting follows Turkish Airlines' announcement on December 18, 2023, of one of the biggest Airbus aircraft orders to date. Flag carrier also chose Rolls Royce as the engine maintenance servicer of a sizable amount of the new Airbus widebody orders to compliment several aircraft of its existing fleet which already uses UK company's engines. This expansion reflects Turkish Airlines' commitment to enhancing its fleet with modern, efficient aircraft, strengthening its status as a leading airline globally. The visit by Business and Trade Secretary for the UK Kemi Badenoch concluded with a tour of a Turkish Airlines A350 aircraft, highlighting the advanced technology and comfort offered by the airline's contemporary fleet. This engagement not only reinforces the strong partnership between Türkiye and the UK but also lays the groundwork for future collaborative efforts in the countries' aviation industry. -Ends- About Turkish Airlines: Established in 1933 with a fleet of five aircraft, Star Alliance member Turkish Airlines has a fleet of 440 (passenger and cargo) aircraft flying to 345 worldwide destinations as 292 international and 53 domestics in 129 countries. More information about Turkish Airlines can be found on its official website www.turkishairlines.com or its social media accounts on Facebook, Twitter, YouTube, LinkedIn, and Instagram. About Star Alliance: The Star Alliance network was established in 1997 as the first truly global airline alliance, based on a customer value proposition of global reach, worldwide recognition, and seamless service. Since inception, it has offered the largest and most comprehensive airline network, with a focus on improving customer experience across the Alliance journey. The member airlines are: Aegean Airlines, Air Canada, Air China, Air India, Air New Zealand, ANA, Asiana Airlines, Austrian, Avianca, Brussels Airlines, Copa Airlines, Croatia Airlines, EGYPTAIR, Ethiopian Airlines, EVA Air, LOT Polish Airlines, Lufthansa, Scandinavian Airlines, Shenzhen Airlines, Singapore Airlines, South African Airways, SWISS, TAP Air Portugal, THAI, Turkish Airlines, and United. Overall, the Star Alliance network currently offers more than 10,000 daily flights to almost 1,200 airports in 184 countries. Further connecting flights are offered by Star Alliance Connecting Partners Juneyao Airlines and THAI Smile Airways. Star Alliance Press Office: Tel: +65 8729 6691 Email: mediarelations@staralliance.com Visit our website

Info

Related news
BlackRock strikes $12.5bln deal for Global Infrast...
13.01.24 07:34
by zawya.com

BlackRock strikes $12.5bln deal for Global Infrastructure Partners

NEW YORK/LONDON - BlackRock said on Friday it would buy Global Infrastructure Partners (GIP) for $12.5 billion in a major bet on alternative assets and announced a shake-up of its top management. The deal, which includes $3 billion in cash and 12 million BlackRock shares, will put the asset management giant at the heart of investing in ports, power, and digital infrastructure projects around the globe. Once the deal closes, the firm will hold approximately $150 billion in infrastructure assets across a portfolio that ranges from the U.S. liquefied natural gas export market to wastewater services in France to airports in England and Australia. Soaring demand for logistics and digital infrastructure, and the trillions of dollars needed for the transition away from high-carbon energy, have made the asset class increasingly popular among institutional investors. "Infrastructure is one of the most exciting long-term investment opportunities, as a number of structural shifts re-shape the global economy," said chief executive Larry Fink. BlackRock, which manages $10 trillion across all markets, has been on the hunt for what it hopes will be a transformative deal as its revenues stagnated and its environmental, social, and corporate governance business came under political attacks in the United States. "This is [Fink's] chance to put his final fingerprint on the company" and allow it to compete with firms such as BlackStone and Apollo Global Management, said Kyle Sanders, an analyst at Edward Jones, who has a buy rating on the stock. Founded in 2006, GIP manages more than $100 billion in assets and has a portfolio including Britain's Gatwick airport, the Port of Melbourne and major offshore wind projects. MANAGEMENT CHANGES BlackRock also unveiled changes to its senior management structure, at a time when speculation has been growing over who will succeed Fink, who founded BlackRock in 1988. Stephen Cohen becomes chief product officer and will lead a new global product strategy group, while Salim Ramji, global head of iShares and index investments, is leaving, according to a company memo seen by Reuters. BlackRock is also creating a new international business structure under Rachel Lord to lead Europe, the Middle East, India, and Asia Pacific, the memo said. Five of GIP's founding partners will join BlackRock, including GIP Chairman Bayo Ogunlesi, who will also join BlackRock's board of directors following closure of the deal, it added. Ogunlesi will step down from Goldman Sachs' board following his move to BlackRock, Goldman CEO David Solomon said on Friday. The deal adds "new contenders" to the list of candidates to succeed Fink, who at 71 has yet to name his eventual replacement, said Cathy Seifert, an analyst at CFRA. "As alternative assets become an increasingly important part of BlackRock's business mix, the next leader's private asset skill set will become more important," she said. PROFIT BEAT BlackRock also reported an 8% rise in quarterly profit, helped by a rebound i...

Sentiment
0
Bearish/Bullish
50