Turkish Airlines to buy maintenance firm MNG

Turkish Airlines to buy maintenance firm MNG

ISTANBUL
Turkish Airlines (THY) announced yesterday that it has agreed to purchase MNG Technic, which provides maintenance services at Istanbul’s Atatürk Airport.

In a filing to the Istanbul Stock Exchange, THY said the agreement to transfer the shares would be signed upon the Competition Board’s approval. THY already owns a maintenance firm, Turkish Technic, which is the leading aircraft maintenance, repair and overhaul (MRO) services company in the region. MNG Technic currently has the capacity to serve 16 narrow-body, or four wide-body and eight-narrow body aircraft simultaneously.

Turkish Airlines to buy maintenance firm MNG