Hey there! I am going to explain what happened in this article. Turkish Airlines is a big company that flies planes in Turkey. They want to buy many new planes and parts from two companies called Rolls-Royce and Airbus. This deal will cost $20 billion, which is a lot of money!

Turkey wants to make its own plane parts and not depend on other countries for them. So they are planning to work with Turkish companies to produce these parts in their country. This way, Turkey can save money and become stronger in making planes. They also want to use these new planes for both civilian (regular people) and military purposes.

So, the big news is that Turkish Airlines will sign a deal soon with Rolls-Royce and Airbus to buy new planes and parts. This deal is important for Turkey's future in making planes and flying them safely. Read from source...

- The headline is misleading as it suggests that Turkey's aviation ambitions are soaring only because of the $20B deal with Rolls-Royce and Airbus, while in reality, there are many other factors and challenges involved.

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Summary:
Turkish Airlines is reportedly close to finalizing a $20 billion deal with Rolls-Royce and Airbus for local aircraft component production. The agreement aligns with Turkey's aim to boost its civilian and military aviation sectors and reflects a broader industrial strategy that emphasizes domestic production in foreign acquisitions. This initiative is integral to the $70 billion Airbus order in 2023.

1. Rolls-Royce Holdings Plc (OTC: RYCEF) - BUY - The company is involved in a $20 billion deal for local aircraft component production with Turkish Airlines, which could boost its revenues and market share in the long term. However, there are also risks associated with the global aviation industry recovery from the COVID-19 pandemic and potential geopolitical tensions that could affect demand and supply chains.
2. Airbus SE - BUY - The company is benefiting from a $70 billion order from Turkey in 2023, which includes 230 aircraft purchased by Turkish Airlines, as well as the deal for local component production. Airbus has a strong position in the global commercial aviation market and is expected to gain more market share with this agreement. However, like Rolls-Royce, it also faces risks from the pandemic and geopolitical uncertainties that could impact its operations and deliveries.
3. Turkish Airlines - BUY - The company is expanding its fleet and hub capacity with the purchase of 230 aircraft from Airbus and the deal for local component production, which will help it compete with regional giants and reduce operational costs. However, there are risks associated with the competition in the aviation industry, particularly from low-cost carriers, and the impact of the pandemic on travel demand and revenues.
4. TUSAS Engine Industries Inc. - BUY - The state-run company is expected to participate in the manufacturing program for local aircraft component production, which could boost its revenues and technological capabilities. However, there are also risks associated with the dependence on foreign partners like Rolls-Royce and Airbus, as well as the potential challenges of entering a new market segment.