Istanbul's new airport in €250m deal for cargo services

FDX: CAPITAL STRUCTURE ADJUSTMENTPLD: DOWN SHE GOESPLD: REIT DEAL-MAKINGFDX: HOLDING UPVW: BIG DIVESTMENTAMZN: AI INVESTMENTMAERSK: ANOTHER UPGRADE GXO: CONTRACT RENEWALFDX: SELL-SIDE REACTION TO INTERIMSFDX: CONF CALL FDX: EARNINGS BEAT FDX: FREIGHT SPIN-OFF UPSIDEPLD: 'OPPORTUNISTIC DEAL-MAKING'PLD: REJECTED BY SEGROPLD: HUNTINGKNIN: BOND FINANCINGWTC: UP WE GO

FDX: CAPITAL STRUCTURE ADJUSTMENTPLD: DOWN SHE GOESPLD: REIT DEAL-MAKINGFDX: HOLDING UPVW: BIG DIVESTMENTAMZN: AI INVESTMENTMAERSK: ANOTHER UPGRADE GXO: CONTRACT RENEWALFDX: SELL-SIDE REACTION TO INTERIMSFDX: CONF CALL FDX: EARNINGS BEAT FDX: FREIGHT SPIN-OFF UPSIDEPLD: 'OPPORTUNISTIC DEAL-MAKING'PLD: REJECTED BY SEGROPLD: HUNTINGKNIN: BOND FINANCINGWTC: UP WE GO

istanbul © Annminina
© Annminina
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Istanbul’s third airport clearly has its eye on cargo. It has signed a €250m deal for space at its Cargo City and Ground Services Campus for an operational period of 25 years. Six of Turkey’s largest cargo companies – MNG, Celebi, PTT, Sistem Logistics, Bilin Logistics and HAVAS – will operate in Cargo City. Just over half the airport is now completed and half the available capacity is rented out. The airport is hoping to become an international transport hub, offering capacity for 35 widebody freighters to operate simultaneously. It will have capacity of 5.5m tons of freight on completion.

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