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$11 Billion worth of Boeing deal signed after Trump-Erdoğan Summit

11 Billion $ Signing After Trump-Erdoğan Summit

During US President Donald Trump and Turkish Republic President Recep Tayyip Erdoğan summit, it was remarkable that two leaders called each other as ‘my friend’ and Trump lavishly praised Erdogan. Just after their meeting, it was announced that Turkish Airlines THY planned to buy 40 units 787-9 Dreamliner planes from American Boeing, costing $11 billion.

According to Bloomberg, when finalized, the order would be valued at almost $11 billion before the customary discounts for large aircraft purchases. The pact, unveiled during a brief signing ceremony in New York late Thursday, came after years of market studies and negotiations for wide-body planes as the airline plotted its expansion.

Boeing’s carbon-composite Dreamliners will help upgrade Turkish’s fleet of long-range aircraft as it competes with other Middle Eastern airlines amid slowing growth in the region. The carrier’s expansion would hasten President Recep Tayyip Erdogan’s goal of making Istanbul one of the world’s premier air travel hubs. The airline already has 75 Boeing 737 Max jets on order, according to the planemaker’s website.

Donald Trump met with both leaders of Qatar and Saudi Arabia after the tension between those two countries and they reached an agreement America will sell 110 billion $ weapons to Saudi Arabia and 12 billion $ war airplanes to Qatar.

Trump won the election over promise of more job and more earning to Americans. Thus, Boing CEO Dennis Muilenburg expressed the Dreamliner production will be increased until 2019 within the frame of agreement with THY. Beside this sales, it was expressed that Boing will contribute development of Turkish aero and space industry.

Ebru Aksay

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