ECONOMY

Turkish aviation firm to set up center in Istanbul

TURKISH AVIATION FIRM TO SET UP CENTER IN ISTANBUL

Turkish Aerospace Industries (TAI) will establish a research center in Istanbul, the aviation firm's head said Tuesday.

"The aerospace industry is a field that requires continuous research and development," Temel Kotil said.

He added that he expects the center to provide solutions for ongoing projects, so that they can be completed on time while maintaining the desired quality.

The center will open in early September at Teknopark, near Sabiha Gökçen Airport in the city's Asian side.

Initially 100 engineers will be employed at the center, and in a few years the figure will increase to 200, Kotil said.

The company, which aims to increase its revenue to $10 billion by 2026, offers its services in the areas of aircraft and space system as well as logistic solutions.

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