February 2008 - Turkish Airlines

Company OverviewFleet DevelopmentFleet ( As of March 11th 2008)FinancialTYPE # Owned LeaseOperationalLeaseB737-800 41 - 31 10B737-400 9 - - 9A320-200 16 - 6 10A321-200 15 - 10 5A319-100 2 - 2A330-200 5 - 5 -A340 7 7 - -A310 5 4 - 1A310 Cargo 2 1 - 1Total 102 12 52 38AdditionsTYPE 2008 2009 TOTALB737-800 8 - 8A320-200 6 - 6A321-200 2 - 2A340 2 2A330-200 - 2 2Total 18 2 20Seat capacity 21588 22150 22150Fleet ExitsTYPE 2008 2009 TOTALA 321 - 200 0 1 1A310 1 0 1Total 1 1 2Out of 59 aircraft, 43 of them joined the fleetas of 2008.As of 2008 average age of the fleet will bearound 6 yrs.Total of 2.7 billion dollars financing werecompleted for the aircraft delivered in2005,2006, 2007 as well as 19 aircraft in2008, at Libor and Euribor without T.C.Treasury’s Guarantee.At the end of 2008, annual lease expenseswill be approximately around $545 million;of which 77% Financial leases and 23%Operational Leases.CAPEX 1.043 Mn$Items %Aircraft & Engine & Upgrade 93%Others (IT,Flight training) 7%13Seat capacity to be increased by 12% by 2008, fleet age to drop around 6 years