Reuters has reported that Vestel of Turkey has won the contract for the flight information displays system to be installed in the new Istanbul 3 airport which is due to start operations in 2018. According to Wikipedia, the airport is expected to be the biggest in the world with an annual capacity of 150 million passengers.
Analyst Comment
Turkey and the cities and airports South from Turkey and through the Middle East are very well positioned between Europe and Asia and there is a lot of competition with cities such as Dubai to act as a hub between the two regions. This is a prestigious win for Vestel, which has only had limited success in its professional display business, which has mainly been successful in its own region, where Vestel is very much a ‘local hero’ brand. The company is the biggest maker of TVs for the European region.
