SPARKS, Nev. – Sierra Nevada Corporation’s (SNC) Chief Executive Officer Fatih Ozmen, announces that the company recently signed a Memorandum of Understanding involving the Turkish Ministry of Transport, Maritime Affairs & Communications to meet the need of producing the country’s fırst regional jet as part of its Regional Aircraft Project (“Project”). The foundation of the Project is a modernized version of the D328 aircraft, of which all intellectual property rights have been acquired, which will be the first domestically-built passenger aircraft in Turkey. The design of a new high-tech product, the 628 aircraft series, will start simultaneously with production of the 328 series. While the Project establishes a world-class aerospace industry infrastructure in Turkey it also serves the global aviation market.  

Mehmet Bayraktar, the developer behind the planned mixed-use development on Miami’s Watson Island, obtained financing for his $1 billion project. Bayraktar received a $22.67 million mortgage from Demir-Halk Bank, based in the Netherlands, on May 11, according to Miami-Dade County records. Island Gardens, designed by Nichols Brosch Wurst Wolfe & Associates, would include two luxury hotels, a residential building, retail and restaurants.

Coca-Cola (NYSE: KO  ) is going through a difficult phase, as sales growth has been below expectations during the last several years. However, CEO Muhtar Kent believes the company is on track to produce solid performance on the back of healthy industry fundamentals, rock-solid competitive strengths, and increased efficiency. Let's listen to what Mr. Kent has to say about the soft-drinks giant and its strategy to deliver sweet and refreshing growth over the long term.