Thursday, June 4, 2026

The Sun Nigeria

Turkish Airlines lays foundations for new investment initiative worth TRY 100 billion

Turkish Airlines lays foundations for new investment initiative worth TRY 100 billion

From Scholastica Hir, Makurdi

Turkish Airlines has launched a comprehensive investment initiative that will strengthen Türkiye’s aviation infrastructure and further advance its competitive edge.

As part of this strategic move, shaped in line with the national flag carrier’s 2033 vision, groundbreaking ceremonies were held for eight new facilities with a total investment value exceeding TRY 100 billion at several locations, primarily Istanbul Airport, the airline’s home base.

Turkish Airlines Chairman of the Board and the Executive Committee, Prof Ahmet Bolat, disclosed this in a statement made available to The Sun on Monday.

He said the ceremony held at Istanbul Airport was attended by the Minister of Transport and Infrastructure of the Republic of Türkiye, Abdulkadir Uraloğlu; himself, Turkish Airlines Chairman of the Board and the Executive Committee, Prof Ahmet Bolat; senior executives of Turkish Airlines and its subsidiaries; and leading figures in Turkish aviation.

The Minister of Transport and Infrastructure of the Republic of Türkiye, Abdulkadir Uraloğlu, who noted that Türkiye will surpass a new threshold in aviation with the investments, stated: “With a breakthrough that will leave its mark on the skies, opening a new page at the pinnacle of aviation, and further strengthening the wings of our national flag carrier, we will make a determined and ambitious start to 2026.

“These eight projects’ foundations we are laying today are strong steps taken towards Turkish Airlines’ magnificent rise and its goal of becoming the world’s number one airline. With the second phase of the air cargo terminal SmartIST underway, the facility’s usage area will increase.

“The cargo handling capacity, currently at 2.2 million tons, will rise to 4.5 million tons, propelling Turkish Cargo to global leadership.

“These projects will further strengthen not only Turkish Airlines’ wings but also those of Türkiye’s economy. Within the scope of these major investments totalling TRY 100 billion, 26,000 new job opportunities will be generated in 2026, and our aviation ecosystem will continue to grow.”

Commenting on the new investments, Turkish Airlines Chairman of the Board and the Executive Committee, Prof Ahmet Bolat, said: “In line with our 2033 targets, we are developing not only our fleet but also the robust infrastructure that will allow us to fully utilise this fleet.

“This investment initiative, exceeding TRY 100 billion and spanning from our cargo operations to our technical maintenance capacity, from our catering centres to integrated operational solutions, strengthens our global competitiveness and is concrete evidence of our vision to make Türkiye one of the world’s foremost aviation hubs.

“These investments, which will provide 26,000 new jobs in 2026, will increase to 36,000 when all phases are completed. With these steps, we are building not only facilities but also an ecosystem for the future of our country’s economy and aviation sector. Today, our company’s contribution to our country’s economy is USD 65 billion, and when we reach our 2033 goals, this figure will reach USD 144 billion.”

Bolat explained that as part of its new investments, Turkish Airlines is implementing a number of projects to maintain global leadership in cargo, technical maintenance, and catering, including the Turkish Cargo SmartIST Phase 2 project, which will be one of the world’s largest air cargo centres with an annual capacity of 4.5 million tons and is planned to be completed gradually during the 2027–2028 period.

“Turkish Airlines Main Catering Facility, positioned as one of the world’s largest inflight catering centres with the capacity to serve more than 500,000 passengers per day and expected to become operational during the 2027–2028 period.

“Among other solution centres,” he noted, “Turkish Technic Engine Maintenance Center, set to be completed in 2027, is one of Europe’s largest new-generation aircraft engine maintenance centres, possessing the capability of servicing Trent XWB-84, Trent XWB-97, and Trent 7000 Rolls-Royce engines.

“Additional aircraft maintenance hangars to be built under Turkish Technic and planned for completion within 2026 will create a simultaneous maintenance capacity for 12 aircraft, increasing the company’s current maintenance capability by an average of 20%.”

Bolat expressed confidence that the investments form the foundation of an integrated growth model that advances operational capacity, technical infrastructure, and digital capabilities in line with Turkish Airlines’ 2033 objectives to become one of the world’s five largest fleets as the carrier celebrates its centennial, and also serve as the backbone of a strategic aviation ecosystem supporting global operations.