Why do you think GE has a 46% stake in TEI?
TEI had nothing to contribute when it was set up. Today there is a trained workforce and management in place that has a very good level of understanding of high tech jet engine manufacturing at a “competitive” price plus a culture that is R&D orientated.
1. Don’t underestimate what Turkey can bring to the table.
2. Don’t belittle the low cost base that can be attained whilst developing and manufacturing many parts.
Not just on the engine side; But on the plane side too. Many parts of Boeing and Airbus planes are manufactured by Tusas due to the low cost base it can offer. The new state of the art composites factory claimed to be the 4th largest in the world with AI driven robotics usage, is a good place to start.
Turkish Aerospace Industries Inc. (TUSAŞ/TAI) is building a $181-million composite materials factory at its main campus in Kahramankazan, Ankara.Composite...
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Aerospace engineering labour costs in Turkey are almost less than half of what they are in UK, Italy and Japan.
That alone is an attraction for any business.