Posted on 06 January 2011
This year Turkey has been named as the number one hottest investment destination by Write About Property and the number one tourism destination by Homes Overseas. To add to this list of accolades: Turkish Airlines is now the fourth largest flagship airline in Europe after Lufthansa, Air France and British Airways, the Association of European Airlines has revealed.
With a 17.9% growth in passenger numbers in the first 3 quarters of 2010, taking its total to 21.9 million for the period, the airline looks set to overtake British Airways to take third place, according to Anna.Aero airline route news.
According to the same reports, the airline is expected to have carried 29.3 million passengers in 2010 as a whole. If or when confirmed this will represent a growth of 100% over the last five years.
The trend during the last 5 years has been for international traffic to grow much faster than domestic, but this was broken in 2010 with both segments seeing growth of 15-20%.
We have reported many times this past year on new routes added by Turkish Airlines. According to Anna.Aero a total of 20 new routes were added in 2010, including Los Angeles, Podgorica (Montenegro), Toronto (Canada) and Jakarta (Indonesia).
Turkish Airline’s fleet is now 150 airlines strong, comprising both Airbus and Boeing wide and narrow body planes. Experts predict the fleet will grow to 200 aircraft between now and 2014.
We often talk of flights solely for their boost to accessibility of property, forgetting that aviation is one of the fastest growing sectors of most countries’ economies, and such growth from airlines like Turkish Airlines will ultimately boost the economy and help to swallow unemployment figures like the planes guzzle jet fuel.