Airbus Military, TAI partner

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MADRID, July 2 (UPI) -- A joint venture company by Airbus Military of Spain and Turkish Aerospace Industries Inc. is in the works to service A400M aircraft.

The A400M is a long-range tactical airlifter, which Turkey has ordered from Airbus.

Turkey is a partner in the development of the four-engine turboprop, responsible for design, development and delivery of airframe and aircraft systems.

The joint venture, Airbus Military Turkey, will handle in-service support for the 10 aircraft Turkey is to take possession of and would provide similar services to future customers in the region.

"We are very satisfied to have reached this first step in the partnership for providing ISS to the Turkish A400M fleet with our partner TAI," said Airbus Military Chief Executive Officer Domingo Urena Raso. "TAI is a longstanding partner of Airbus and Airbus Military and this first agreement will establish a strong in-country footprint to ensure a smooth entry into service and comprehensive support for the operation of the fleet.

"We are now looking forward to the next steps for concluding the provision of the ISS to Turkey and to further broaden our links with the Turkish aerospace industry."

The two companies said they are now working out details on the structure of the joint venture and its capital requirements.