ASFAT

TOMTAŞ, Turkey's historic aircraft factory, is being rejuvenated through a joint venture involving ASFAT, TUSAŞ, and Erciyes Teknopark, backed by a $200 million investment. The project aims to create 2,000 skilled jobs and establish an aviation and aerospace technology hub in Kayseri.

TOMTAŞ Aviation and Technology will invest TL 205 million ($8.6 million) to revive its first aircraft factory in Kayseri, Turkey, to produce aircraft and helicopter parts. The facility will have an annual production capacity of 420,000 kg and employ 50 people.