Turkey’s defense giant establishes aviation company in Germany
DHA photoTurkish Aerospace Industries (TAI) said it has established a new aviation company in the German city of Hamburg in a bid to increase its capacity in the sector, in a written statement on July 11.
The new company was founded with 100 percent TAI capital and dubbed TAI GmbH, according to the statement.
TAI CEO Muharrem Dörtkaşlı said that setting up a company in Hamburg, one of the leading aviation and space industry hubs in Europe, was part of TAI’s growth strategy and constituted an initial step towards growing within the sector.
TAI GmbH will operate in design, development, body manufacturing and support systems, according to the statement.
It will also be have the authority to make potential acquisitions of new space and aviation businesses.
“We have been in talks with a German company in this vein and expected to make an announcement soon,” said the company.
TAI noted the launch of the new company in Hamburg was seen as a strategic step in building closer ties with the Airbus Group.
“In a bid to create bigger value by developing and producing more sophisticated aviation parts in bigger volumes as the subcontractor of Airbus, TAI plans to produce affordable solutions thanks to its base in Turkey,” said the company.
Meanwhile, TAI said it made its first delivery of an A350-1000 aileron set to Airbus in a ceremony held at TAI’s facilities last November.
The delivery was the result of a contract signed nearly two years ago as an addition to the contract for an A350-900 program between the two companies, said TAI.