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4-Traders Homepage  >  Equities  >  ISTANBUL STOCK EXCHANGE  >  Turk Hava Yollari AO    THYAO   TRATHYAO91M5

TURK HAVA YOLLARI AO (THYAO)
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Turk Hava Yollari AO : Turkish Airlines commits to order A350 aircraft

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01/13/2018 | 06:12pm CET

Turkish President Recep Tayyip Erdogan and French President Emmanuel Macron with Turkish Airlines and Airbus officials during the signing of a MoU to buy more aircraft. — Courtesy photo

TURKISH Airlines and Airbus today signed an MoU to acquire 20+5 optional A350-900 aircraft. The agreement was signed at the Élysée Palace, Paris, during Turkish President Recep Tayyip Erdogan’s official visit to France with French President Emmanuel Macron.

“With Turkish Airlines serving more destinations than any other airline around the world, we will be delighted to rely on our new A350 XWB to further develop our major international routes from Turkey.” said M. Ilker Aycı, chairman of the board and the executive committee, Turkish Airlines.

Aycı added, “With this agreement today, we have signed our good will to carry on and finalize the acquisition with Airbus. Our agreement is a significant step forward in enhancing our passengers’ flight experience. This order is set to play a key role in our growing business in the years to come. As we will be strictly evaluating during the talks to finalize the order, furthermore the increased business volume for the local Turkish supplier industry by Airbus will be a great gain for the sector."

Turkey is an integral part of the Airbus supply chain for almost 20 years, being a partner in all Airbus aircraft programs, including the prestigious A350 XWB. While Airbus focusses on the continued development of long-term cooperation projects with Turkey, the Turkish aeronautical industries progressively have embarked and built-up a remarkable portfolio of high capabilities and skills over the last 10 years.

The A350 XWB is an all new family of mid-size wide-body long-haul airliners shaping the future of air travel. The A350 XWB features the latest aerodynamic design, carbon fiber fuselage and wings, plus new fuel-efficient Rolls-Royce engines.

Together, these latest technologies translate into unrivalled levels of operational efficiency, with a 25 percent reduction in fuel burn and emissions, and significantly lower maintenance costs. The A350 XWB features an Airspace cabin which, on top of the aircraft spaciousness and quietness, provides better ambience, design and services, contributing to superior levels of comfort and well-being, and setting new standards in terms of flight experience for all passengers. — SG

(c) 2018 2017 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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News from SeekingAlpha
2017 Turk Hava Yollari AO ADR 2017 Q3 - Results - Earnings Call Slides
2015 TÜRK HAVA YOLLAR? : Value In Turkey's Flagship Airline
Financials ( TRY)
Sales 2017 39 204 M
EBIT 2017 3 011 M
Net income 2017 86,7 M
Debt 2017 27 330 M
Yield 2017 -
P/E ratio 2017 30,65
P/E ratio 2018 10,45
EV / Sales 2017 1,22x
EV / Sales 2018 1,06x
Capitalization 20 482 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 13,5  TRY
Spread / Average Target -7,5%
EPS Revisions
Managers
NameTitle
Bilal Eksi Deputy Chairman & Chief Executive Officer
M. Ilker Ayci Chairman
Levent Yilmaz Chief Flight Operations Officer
Murat Seker Chief Financial Officer
Ahmet Bolat Chief Investment & Technology Officer
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