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TURKISH TECHNIC signed an agreement for “Aircraft Seat Production Industry and Trade Inc.”

TURKISH AIRLINES, TURKISH TECHNIC and Assan Hanil Automotive Industry and Trade Co. a subsidiary of Kibar Holding, launched agreement to design and manufacture all types of aircraft seats, logistic support, modification and also to provide sales-marketing services under Joint Venture.

May 24, 2011. TURKISH AIRLINES, TURKISH TECHNIC and Assan Hanil Automotive Industry and Trade Co., agreed to the launch of a joint venture company to manufacture Aircraft Seats in Turkey. The joint venture company, known as Aircraft Seat Production Industry and Trade Inc. will design and manufacture all types of aircraft Seats, logistic support, modification and also to provide marketing services under Joint Venture as well.

The Joint Venture Company will manufacture seats for economy class in the first stage, then business class seats. It aims to produce light weight and high quality seats at competitive prices by focusing on the issue of weight which has great importance and directly affect fuel consumption in the aviation industry. The company aims to sell products to Turkish operators and European Airline Companies as a priority. As a result of the comprehensive feasibility studies in addition to the production of seats, is expected to become PMA (Parts Manufacturer Approval - Approved Equipment Manufacturer) that produce parts of seat for the other brands within the company's first 4-years.

“While our country is advancing step by step towards the production of various aircraft units, following Joint Venture Company for the production of galley and cabin equipment, with this new structure, we are taking an aggressive initiative, on behalf of Turkish Aviation Industry. We would like to meet many aircraft in the world with a %100 Turkish brand in the Aircraft Cabin. We claim that Turkey will be a maintenance, repair and also manufacturing hub that should be taken seriously via this structuring in the near future.” said TURKISH AIRLINES and TURKISH TECHNIC Chairman of the Board, Mr. Hamdi Topcu.

“We really glad to transfer our highest design and production technology in seating systems from automotive to a new sector. We are now focused on developing high-value-added products and technology in our Ministry of Industry and Trade approved R&D center, which was established in December 2010. With this business, we are aiming to be a fundamental stone of Turkish Aviation sector. I believe that this joint venture will be one of the important players with the support of its partners after achieving the necessary product certifications in near future.’’ stated Assan Hanil Automotive Industry and Trade Co. Chairman of the Board, Mr. Ali Kibar.

TURKISH AIRLINES, established with 5 aircrafts in 1933 and has reached today to a fleet consisted of 169 aircrafts, is a 4 star airline and member of the Star Alliance and conducting operations to 137 international and 41 domestic destinations.

Star Alliance: TURKISH AIRLINES is a member of the Star Alliance that was established in 1997. The alliance operates 21,000 flights per day to 1,160 destinations in 181 countries.

TURKISH TECHNIC, an association of TURKISH AIRLINES group companies (Istanbul Stock Exchange: THYAO), provides MRO services for Boeing and Airbus airframes, engines, auxiliary power units, landing gear and components. The company serves more than 100 airlines in Europe, the Middle East, Northern Africa, Turkey, and the Commonwealth of Independent States (CIS) with its maintenance bases in Istanbul & Ankara and highly qualified workforce of more than 3,000 personnel.

Assan Hanil Automotive Industry and Trade Co., is a full interior and exterior trim parts supplier, which had established in 1997 in Alikahya Kocaeli as a joint venture company consists of 60 % Kibar Holding to 40 % South Korean Hanil E-Hwa, since then serving, designing and producing such as seating systems, door trims, headlinings, floor carpets, bumpers as a solution partner to the top OEMs in Turkey. Assan Hanil is a leading company in Turkey with its more than 500 employees and its 230.000 car set/year seat production capacity

For more information visit :
http://www.turkishtechnic.com