Bloomberg News

Erdogan’s Turkish Jet Would Cost $1 Billion, Hattat Tells Aksam

April 17, 2012

Turkish Prime Minister Recep Tayyip Erdogan’s desire to build a domestic plane would cost more than $1 billion, Hattat Holding Chairman Mehmet Hattat told Aksam.

Hattat can partner with foreign companies to get know-how within two years and meet the “difficult yet not impossible” target of building a Turkish aircraft, the holding company’s chairman, who oversees 17 firms in the energy, automotive, tourism and construction industries, told the Istanbul-based newspaper.

Erdogan told Hattat April 15 that he wants a locally produced commercial aircraft, while Defense Minister Ismet Yilmaz said efforts to build a Turkish warplane continue “uninterrupted,” Aksam reported.

To contact the reporter on this story: Emre Peker in Ankara at epeker2@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net


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