29.04.2005, 22:21
Zitat:Turkish Aviation Companies MergeQuelle: <!-- m --><a class="postlink" href="http://www.defensenews.com/story.php?F=813552&C=europe">http://www.defensenews.com/story.php?F=813552&C=europe</a><!-- m -->
By BURAK EGE BEKDIL, ANKARA
Two of Turkey’s leading aviation companies formally merged April 28 as part of a government-run program to restructure the country’s defense industry.
Turkish Aerospace Industries (TAI) and the government-owned Turkish Aircraft Industries (TUSAS) merged under the corporate identity of TAI, a TAI statement said. Both companies are based here.
Under the merger deal, TUSAS’ existence as a legal entity has ceased.
“These two companies will now serve (under TAI’s legal entity) as a united force for design, development, manufacturing, upgrade, systems integration and after-sales services for air platforms,” the statement said.
In January, TUSAS purchased the combined 49 percent stake from TAI’s U.S. shareholders — Lockheed Martin Aeronautics and General Electric. After the acquisition, TUSAS’ shares in TAI rose to 98 percent. At a shareholders’ meeting in March, TAI and TUSAS agreed to merge under TAI’s legal entity.
TAI assembled F-16 fighter jets at its plant in the 1980s and 1990s. It currently manufactures parts for Boeing, Chicago, and U.S. helicopter maker Sikorsky. The company also is a participant in the multinational Joint Strike Fighter and Future Large Aircraft programs.
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