20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Turkish Airlines is reportedly poised to ink a deal with Rolls-Royce Holdings Plc (OTC:RYCEY) (OTC: RYCEF and Airbus SE (OTC: EADSY) for local aircraft component production, estimated at $20 billion, as part of a plane acquisition plan announced last year.
A potential deal announcement is expected at an Istanbul ceremony later this month, reported Bloomberg, citing Turkish officials familiar with the matter.
Turkish Airlines solidified the purchase of 230 aircraft from Airbus in December, with further options, aiming to bolster its Istanbul hub to compete with regional giants.
This procurement included a push for local production of airplane parts. Notably, Turkish entities, including state-run TUSAS Engine Industries Inc., are expected to participate in the manufacturing program, the report noted.
The accord for domestic aircraft component production aligns with Turkey’s ambition to advance its civilian and military aviation sector. This initiative is integral to the $70 billion Airbus order in 2023.
The report further noted that Turkey has been in ongoing discussions with international firms, like Rolls-Royce, to acquire engine technology for domestic military projects.
Ankara’s government emphasizes domestic production in foreign acquisitions, extending to defense and commercial aviation sectors, reflecting a broader industrial strategy.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Wikimedia Commons
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!