financetom
Business
financetom
/
Business
/
Turkey's low-cost carrier AJet in talks with lessors for 36 jets, following Boeing delays-CEO
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Turkey's low-cost carrier AJet in talks with lessors for 36 jets, following Boeing delays-CEO
Dec 20, 2024 5:18 AM

ISTANBUL, Dec 20 (Reuters) - Turkey's low-cost carrier

AJet, a wholly owned subsidiary of Turkish Airlines,

is in talks with lessors to procure 36 aircraft to keep its

growth plans on track, following delays in Boeing ( BA )

deliveries, its chief executive said.

"We're in talks with lessors to provide 36 jets next year,

with Airbus aircraft mainly in focus. We are looking to leasing

and purchasing options," AJet CEO Kerem Sarp told Reuters.

Turkey's flag carrier Turkish Airlines spun off its low-cost

sub-brand AnadoluJet last year, as part of a broader

repositioning, and established a new company in a move to boost

competitiveness and allow the airline to grow faster in the

low-cost aviation arena.

Launching its flights in March under the new brand AJet, it

is currently negotiating with lessors with Airbus models in

focus, in order to achieve its 13% available seat per kilometer

(ASK) growth and 23 million passenger targets for 2025, as

deliveries of 36 MAX jets set for next year have been delayed,

Sarp told Reuters.

"According to our 10-year strategic plan, we expect our

fleet size to tap 200, up from current 86", AJet CEO Kerem Sarp

said in an interview.

"In line with this target, we were expecting to be delivered

36 Boeing ( BA ) jets next year. But we are facing delays for the

deliveries, due to problems at Boeing ( BA )," Sarp added.

The aerospace manufacturer Boeing ( BA ) had faced production delays

due to supply chain problems, safety concerns and a seven-week

strike by factory workers.

In order to offset the delay, AJet is seeking to procure

additional aircraft and the negotiations are ongoing with

lessors, Sarp said.

Since March, AJet is expected to have carried a total 16

million passengers this year and targets 23 million for 2025,

with some 70% traveling in domestic flights, the CEO said.

The carrier's domestic market is quite competitive even with

government imposed price ceilings for local flights. The largest

low-cost competitor Pegasus has also announced a

recent order of up to 200 narrow body Boeing ( BA ) planes.

AJet's priority will be increasing the share of its

international flights to over 50% from the current 30% to

improve profitability, the CEO said, as it aims an average

annual growth of 16% and 5-6% for international and domestic

flights respectively in the 10-year period.

The low-cost carrier, which carries out its operations from

its two bases Istanbul Sabiha Gokcen Airport and Ankara Esenboga

Airport, is also planning to increase the number of its

international destinations to 104 from the current 54; with

Europe, North Africa and Middle East in focus.

(Reporting by Ceyda Caglayan; Editing by Ezgi Erkoyun and Chizu

Nomiyama )

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Teledyne CEO Edwin Roks retires
Teledyne CEO Edwin Roks retires
May 25, 2025
April 28 (Reuters) - U.S. defense firm Teledyne Technologies ( TDY ) said on Monday its CEO Edwin Roks has retired from his position, and the company appointed George Bobb as its new chief executive, effective immediately. ...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
What's Going On With Faraday Future Stock Monday?
What's Going On With Faraday Future Stock Monday?
May 25, 2025
Faraday Future Intelligent Electric Inc ( FFAI ) shares closed Monday up 24.76% to $1.31 after the company on Sunday said it received support from California political leaders during its Faraday Future Stockholder Community and FX Co-Creation Day event in Los Angeles. What To Know: Former California State Assembly Speaker Anthony Rendon and Hanford Mayor Lou Martinez, whose city hosts...
Cadence Design Systems Q1 Non-GAAP Earnings, Revenue Rise; Adjusts 2025 Outlook
Cadence Design Systems Q1 Non-GAAP Earnings, Revenue Rise; Adjusts 2025 Outlook
May 25, 2025
04:15 PM EDT, 04/28/2025 (MT Newswires) -- Cadence Design Systems ( CDNS ) reported Q1 non-GAAP earnings late Monday of $1.57 per diluted share, up from $1.17 a year earlier. Analysts polled by FactSet expected $1.49. Revenue for the quarter ended March 31 was $1.24 billion, up from $1.01 billion a year earlier. Analysts surveyed by FactSet expected $1.24 billion....
Copyright 2023-2026 - www.financetom.com All Rights Reserved