Turkish Airlines, Zorlu jointly to establish company

Turkish Airlines and Zorlu Enerji signed on Thursday joint venture contract to establish a company.

Turkish Airlines, Zorlu jointly to establish company

Turkish Airlines (THY) Teknik and Zorlu O&M Enerji signed on Thursday joint venture contract to establish a company.

THY Executive Board Chairman Hamdi Topcu, THY Teknik Director General Ismail Demir, Zorlu Holding Executive Board Chairman Nazif Zorlu and Zorlu O&M Enerji Director General Mehmet Erdogan Gunes signed the agreement at a ceremony in Istanbul.

Delivering a speech in the ceremony, Topcu said the number of companies under THY reached nine and companies under THY Teknik A.S. became three with this contract signed today.

Topcu said THY Teknik which continued its cooperation with leading companies in aviation sector aimed to make Turkey an aviation base.

The company to be established between THY Teknik and Zorlu O&M Enerji would have the capacity to meet maintenance needs of industrial gas tribunes in Turkey and other countries, he said.

Topcu said they aimed to earn 100 million U.S. dollars of income a year with this company that would contribute to economy of Turkey.

In his part, Nazif Zorlu said Zorlu Holding with its 57 companies and 25,000 employees has been working for the future of Turkey and Turkish people.

"I believe that joint venture by Zorlu O&M and THY Teknik will boost achievements of Turkey in the international platform," he said.

The company would deal with maintenance and repair of industrial gas tribunes used in plane engines and power plants, he said.

THY Teknik Director General Demir said the company's capital would be 7 million U.S. dollars.

Based at Istanbul's Ataturk Airport, THY Teknik is the leading Aircraft Maintenance and Repair Organization in the region. Certified through EASA 145, JAA 145, FAA and Turkish DGCA for the performance of maintenance services, THY Teknik offers a variety of maintenance services through its diversified shops, ranging from Airframe Heavy Maintenance, Engine-APU overhaul and LDG overhaul.

Zorlu O&M provides operation and maintenance services to the companies in energy sector.


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Last Mod: 22 Temmuz 2010, 16:41
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