Life is tough for Turkish businesses
But the pandemic may bring opportunity as well as woes
Kale group, an aerospace and construction conglomerate, had been making and assembling engine parts for America’s f-35 stealth fighter jet since 2005. But when Turkey’s president, Recep Tayyip Erdogan, purchased a missile-defence system from Russia last year, the American government booted its nato ally from the f-35 programme. Turkey’s air force has ordered 100 of the planes but has taken delivery of none. Turkish firms lost contracts worth an estimated $9bn. Kale was among those most affected. And then came covid-19.
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