Turkish Technic signs deals with Malaysia’s Sapura Technics, mulls investments in Asia-Pacific

Turkish Technic signs deals with Malaysia’s Sapura Technics, mulls investments in Asia-Pacific

13 Jul 2021

Turkish Technic, Turkish Airlines’ aircraft maintenance, repair and overhaul company, said on Tuesday that it is mulling investment opportunities in the Asia-Pacific region and had signed a series of agreements with companies in Malaysia.

In a statement, Turkish Technic said it had signed a deal on Monday (July 12) with Sapura Technics, a Malaysian repair and maintenance company and a subsidiary of Sapura Resources Bhd.

“Turkish Technic aspires to expand its nearly one hundred years of experience in the aircraft maintenance and repair market to this region with its investments in Malaysia,” the company said.

The Covid-19 pandemic and the extension of the Movement Control Order (MCO) have placed unprecedented stress on local retailers.

Turkish Airlines Chief Executive Ilker Ayci said the airline aimed to increase capabilities, expand its customer portfolio, and continue investment and growth efforts, and added it was “continuously” evaluating investment opportunities in the region.

“We aspire to expand our investments in the Asia-Pacific region,” Ayci said. “We believe that these investments will be of great importance for our company and our country’s civil aviation,” he added.

Source: Reuters