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Munich Airport: a long-term consulting contract from Turkish Airlines

Munich, Germany - In preparation for the opening of the Istanbul New Airport, scheduled for next October

Turkish Airlines (TK) and Munich Airport signed a long-term consulting service contract. As of now, Munich Airport will support the flag carrier of the Republic of Turkey and the hub carrier of the current Istanbul Atatürk Airport in preparing a smooth relocation of its operations to the Istanbul New Airport, scheduled to open on 29th of October, 2018. Istanbul New Airport is one of the biggest infrastructure projects in Turkey. At present, a private consortium of five Turkish construction companies (IGA) is building Istanbul New Airport on the Black Sea Coast, with an investment worth €10.3 billion and the airport will be constructed over an area of 76.5 million square meters to the north of Istanbul along the Black Sea coast, in 35 km distance to the city center as a bird’s eye view. Also it will be the world's largest airport as “built from scratch” and will be built as a modern, disability friendly, “green” airport with high recycling and rainwater utilization capacity. The construction will be carried out in four phases. The first phase is scheduled to be finalized in 2018 with the opening of two runways and a terminal for 90 million passengers. Once complete, the new airport will host flying to more than 350 destinations with an annual passenger capacity up to 200 million. With 300 international destinations in 120 countries and a fleet size of 328 aircraft, Turkish Airlines, flies to more countries and also international destinations, currently operates the world’s third largest route network. By 2023, TK is planning a fleet expansion up to 500 aircraft (including cargo airplanes as well), counting 170 units on order, and the planes whose rental periods are due to come to end by the end of 2023. Turkish Airlines currently operates 75% of all international flights at the existing Atatürk Airport. Relocating such a big hub carrier requires comprehensive strategic planning and close coordination with all stakeholders, partners and authorities.

fra/pec - 1209062

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