Turkish Airlines to buy four A330-200 aircraft from Airbus

ISTANBUL

Turkish Airlines, the country’s national carrier, said on March 9 it has decided to purchase a total of four A330-200F aircraft from European manufacturer Airbus.

In order to insure the need for cargo aircraft, the company will buy the four cargo aircraft to be delivered in April 2015, April 2016, October 2016 and January 2017, it said in a written statement to the Public Disclosure Platform (KAP).

Turkish Airlines’ subsidiary, Turkish Cargo, provides connections to leading production and commercial centers across the globe, with more than 260 destinations in 108 countries. It is currently served by nine freighters with 48 destinations and 253 passenger airplanes, according to the company website.

Turkish Airlines’ net profit almost tripled in 2014, and the firm has unveiled plans to invest more than $3 billion mostly in its fleet, partly financed by a bond issue in the coming months.

The airline said in February it and its subsidiaries had planned around $3.74 billion in new investments this year, most of it to increase its fleet of 261 aircraft. The national carrier plans to end the year with around 300 airplanes.