In recent reports, Turkish Airlines revealed that the company is planning to acquire 40 of Boeing (NYSE:BA)'s 787-9 Dreamliners. This has been a long-awaited arrangement in which indicates that the carrier has bounced back after a terrorist attack on its Istanbul headquarters in the preceding year. Once it gets done, the deal is estimated at a value of US$11 billion before the expected concessions for massive aircraft procurements. According to the pact on Thursday in a brief signing ceremony in New York, such decision sprouted from years of market research. Also, as the airline designed its expansion, negotiations for wide-body planes were done.
- Published in Businessman